New York Community Bancorp
The bank reported on April 18 first-quarter earnings of $118.3 million, or 27 cents a share, down from year-earlier earnings of $123.2 million, or 28 cents."NYB reported Q1'12 GAAP EPS of $0.27, besting our estimate of $0.24 and the Street at $0.26, due to higher mortgage banking income and a modest NIM beat vs. our projection," Bank of America Merrill Lynch analysts wrote in an April 19 report. "Strong mortgage banking income comes as no surprise, though it appears NYB sold more loans than originated, putting it squarely on a treadmill. The NIM beat was due to lower cost borrowings, which drove the improvement QoQ. Asset yields were disappointing and are likely to raise concerns that core portfolio earnings are trending lower. Given little relief to core trends is imminent, earnings estimates are likely to be revised lower, in our opinion, which would further weigh on NYB, as the dividend appears unsustainable in a challenging operating backdrop with unreliable sources of earnings delivering only a modest cushion. three months." Forward Annual Dividend Yield: 7.3%
Ternium The long steel products manufacturer reported on April 25 first-quarter earnings of $190.5 million, or 81 cents a share, up from year-earlier earnings of $136.4 million, or 53 cents. "We asked Ternium in the conference call if the company had studied the possibility of listing in Brazil, since steelmakers in this market currently trade at a premium of more than 50% vs. Ternium," Deutsche Bank analysts wrote in an April 26 report. "The company said that it is analyzing the possibility of listing in other markets but a decision to work on it will ultimately depend on the results of its internal analysis. Our opinion is that Ternium stock price could increase by 25% or more if it lists in Brazil." Forward Annual Dividend Yield: 3.1%
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV