New York Community Bank's move to buy parts of Signature Bank strengthened its financial position, according to Jefferies.
New York Community Bancorp is the rare example of a regional bank that is emerging from the recent crisis on stronger footing, and the market is still undervaluing its stock, according to Jefferies. The Federal Deposit Insurance Corporation announced last month that
1M mountain Shares of 's balance sheet. "Post the FDIC-assisted deal for SBNY, we like 's loan-to-deposit ratio below 100% for the first time in over 20 years, Haire said. One key issue for regional banks during last month's crisis was their ability to find the cash to meet withdrawals. However,
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