NYCB stock cheapest among US lenders with over $3 bln in assets, S&P Global says
May 8 (Reuters) – New York Community Bancorp (NYCB.N), opens new tab was the cheapest U.S. bank stock among lenders with more than $3 billion in assets for the second straight month, an analysis by S&P Global Market Intelligence showed on Wednesday.
The evaluation based on adjusted tangible book value (TBV) showed that as of April 30, the troubled lender was trading at 30% of the metric that indicates the per-share value of its equity after excluding its intangible assets.
Source: REUTER
