This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Three Bank Stocks With Outsized Dividends

Stocks in this article: C BAC JPM

Another worry is that the nonperforming-assets ratio increased to 1.45% from 1.04%. Then again, with nearly three-quarters of the loan portfolio secured by apartment buildings with mainly rent-controlled or rent-stabilized dwellings with below-market rents, actual loan losses have been minimal. The low-risk loan collateral, along with relatively small average loan-to-value ratios of 61% on multifamily mortgages and 54% on commercial real-estate loans, have enabled the company to avoid large loan losses.

The annualized ratio of net charge-offs to average loans was a tiny 0.03% for the third quarter, and has remained below 0.05% this year.

A bright spot for New York Community in the third quarter was a net interest margin (the difference between the average yield on loans and investments and the average cost of deposits and borrowings) of 3.17%, up from 3.06% in the previous quarter and 2.68% a year earlier.

The improved margin helped the company increase its return on average assets to a respectable 1.39% for the third quarter, up from 1.10% in the second quarter and 1.22% a year earlier.

New York Community's shares have fallen 12% this year, trading near the low end of a 52-week range of $8 to $15. They're at 9.5 times earnings, 0.7 times book value and 2.1 times tangible book value. The stock is up 24% over one year.

United Bankshares

United Bankshares of Charleston, W. Va., pays a 29-cent quarterly dividend, or a yield of 6.8%.

Most Commented Today Most Popular Today
Avoid Sirius XM Motorola's "Troubling" Droid Sales

2 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs