$New York Community(NYCB)$ Jus

2023-03-21

$New York Community(NYCB)$ Just viewed the investor presentation. The fear peddler C is falsely claiming that the company “overpaid for more CRE”. False. Per the investor presentation, CRE and multifamily were excluded from the acquisition however, servicing rights were left open. Management actually expanded into several new areas with this acquisition and further diversified the loan base. SBA loans and healthcare are prominent examples. As a result of the acquisition, CRE concentration dropped from 12 percent to 10 percent and multi-family concentration dropped from 54 percent to 46 percent of the total book. This information is clearly stated and available on the company website.

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kaseee
2023-03-21
kaseee
hii

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