Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.2%. By the end of trading, New York Community Bancorp rose $0.20 (1.4%) to $14.96 on average volume. Throughout the day, 2,661,524 shares of New York Community Bancorp exchanged hands as compared to its average daily volume of 3,321,400 shares. The stock ranged in a price between $14.67-$14.96 after having opened the day at $14.80 as compared to the previous trading day's close of $14.76. Other companies within the Banking industry that increased today were:
), up 14.3%,
), up 7.5%,
), up 6.0% and
), up 5.9%.
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New York Community Bancorp, Inc. operates as a multi-bank holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in New York, New Jersey, Florida, Ohio, and Arizona. New York Community Bancorp has a market cap of $6.7 billion and is part of the financial sector. Shares are up 12.7% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate New York Community Bancorp a buy, 2 analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
New York Community Bancorp
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full New York Community Bancorp Ratings Report.
On the negative front,
), down 7.4%,
), down 7.0%,
), down 6.3% and
), down 5.8% , were all laggards within the banking industry with
) being today's banking industry laggard.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
) while those bearish on the banking industry could consider
- Find other investment ideas from our top rated ETFs lists.