Analyst Research on New York Community Bancorp Inc. and Northwest Bancshares Inc. -- Savings and Loans Sector Sees Confusing M&A
29 Novembre 2010 - 2:57PM
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www.stockcall.com/ offers investors comprehensive research on the
savings & loans industry and has completed analytical research
on
New York Community Bancorp Inc. (NYSE:
NYB) and
Northwest Bancshares Inc. (NASDAQ:
NWBI). Register with us today at www.stockcall.com/ to have free
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Many companies in the Savings and Loans sector have been raising
funds to buy other distressed or failing banks. With the FDIC
seizing and auctioning off the assets of around 140 banks so far
this year, the sector has an unusually large amount of available
and attractively priced assets up for grabs. While many mergers and
acquisitions have taken place, the FDIC has begun to cancel or
delay transactions most recently due to concerns about the
financial feasibility of some deals. As an example, Northwest
Bancshares Inc.'s acquisition of Nextier has been terminated as a
result of a lack of approval by the FDIC. This potential for
failure has many companies within the sector thinking twice before
they go down the expensive and time consuming road that leads to
consolidation. Investors looking for complimentary research on
Northwest Bancshares Inc. are welcome to sign
up at www.stockcall.com/NWBI291110.pdf for our new report.
www.stockcall.com/ is an online platform where investors doing
their due-diligence on the savings & loans industry can have
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York Community Bancorp Inc. and Northwest Bancshares Inc.; all
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While the FDIC has increased the total number of banks on its
confidential list of trouble banks, the sector as a whole seems to
be growing healthier. Loan portfolios have been generally stronger
and banks are setting aside less money for loan losses. Register
now at
https://stockcall.com/development/stockcall/page.php?name=register.html
to have free access to our reports on the savings & loans
industry.
The sector has some cause for concern, however, due to a recent
court case that found a bank guilty of misrepresenting loan values
to its shareholders during the housing crisis. Jurors decided that
the company did not make shareholders adequately aware of the risks
they were taking and thus have to pay a certain percentage of their
stock price back to investors. The bank says the loss was not their
fault and is seeking a dismissal of the verdict based on the losses
simply being due to the collapse of the housing market. The Savings
and Loans sector could be in for some costly litigation if more
investors choose to file class-action lawsuits. Visit
www.stockcall.com/ to see how companies in this industry have grown
over the past years and how they are expected to perform in the
future.
For the third quarter 2010, savings & loans bank New York
Community Bancorp Inc. saw its operating earnings climb by 49% to
$134.4 million. Investors looking for free research on New York Community Bancorp Inc. are welcome to sign up
at www.stockcall.com/NYB291110.pdf for our new report.
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Northwest Bancshares (NASDAQ:NWBI)
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