High Yielding New York Community Bancorp and People's United Financial Start Posting Loan Growth
The Paragon Report Provides Equity Research on New York Community Bancorp & People's United Financial
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 12/09/11 -- The low interest rate environment has had a mixed effect on the Savings & Loans industry. While most institutions have posted declines in net interest income, record low mortgage rates have helped to attract many new potential homeowners and increase mortgage banking revenue. The Paragon Report examines investing opportunities in the Savings & Loans industry and provides equity research on New York Community Bancorp, Inc. (NYSE: NYB) and People's United Financial, Inc. (NASDAQ: PBCT). Access to the full company reports can be found at:
While the stock prices for many of these Savings & Loans banks have fallen considerably over the past year, some banks pay substantial dividends, which are attracting more investors due to the low interest environment.
Presently New York Community Bancorp pays an annual dividend of one dollar per share for a hefty yield of around 8.4 percent. In the company's most recent quarterly earnings release New York Community Bancorp CEO Joseph Ficalora said that despite "the decline in market interest rates, the costs of regulatory change, and the stubbornly high level of unemployment," New York Community Bancorp remains supported by impressive loan growth and a boost in mortgage banking income.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Savings and Loans Industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
People's United Financial currently pays an annual dividend of 63 cents for a yield of around five percent. People's United Financial is a bank with 372 branches in Connecticut, Massachusetts, Vermont, New York, New Hampshire and Maine.
People's United Financial posted net income of $52.9 million, or $0.15 per share, for the third quarter of 2011, compared to $24.1 million, or $0.07 per share, for the third quarter of 2010, and $51.2 million, or $0.15 per share, for the second quarter of 2011. "Our performance this quarter continues to reflect improvements in our operating metrics, including another solid quarter of organic loan and deposit growth throughout our franchise, and encouraging trends in asset quality," stated Jack Barnes, President and Chief Executive Officer.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at
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Datum: 09.12.2011 - 13:16 Uhr
Sprache: Deutsch
News-ID 95502
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