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NY Community Bancorp CEO Discusses Surprise Upside Q3 Earnings

NY Community Bancorp President and CEO Joseph Ficalora discusses the reasons behind the company's surprise upside Q3 results, future earnings, and more.

New York Community Bancorp President and CEO Joseph Ficalora discusses the reasons behind the company's surprise upside Q3 results and how the end of QE and rising rates might impact future earnings in an exclusive interview with TheStreet's Janet Al-Saad. Ficalora explains why their multifamily mortgage business was among the few to thrive through the subprime crisis and why it's poised for continued growth in a rising rate environment. With a market capitalization of approximately $7BN, NYCB offers banking products and financial services in New York, New Jersey, Ohio, Florida and Arizona under its New York Community Bank and New York Commercial Bank operations.

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