Even Extraordinary Banks Make Mistakes
Joseph Ficalora is one of this era's most successful bank CEOs. He's created an enormous amount of wealth for shareholders of New York Community Bancorp (NYSE: NYCB), delivering one of the industry's best returns on investment over the past quarter-century.
The secret to New York Community Bancorp's success under Ficalora has been rooted in a combination of prudent acquisitions and a business model that maximizes efficiency and minimizes loan losses.
The New York City Skyline. Image source: Getty Images.
Source: Fool.com
New York Community Bancorp Stock
€2.80
-2.740%
Currently there is a rather positive sentiment for New York Community Bancorp with 3 Buy predictions and 0 Sell predictions.
With a target price of 6 € there is potential for a 114.29% increase which would mean more than doubling the current price of 2.8 € for New York Community Bancorp.
