Inside Long Island Business
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NY Community Bancorp stock slips after downgrade
Photo credit: Handout
After a downgrade from Credit Suisse analysts, share prices of Westbury-based New York Community Bancorp began falling during trading Monday.
Credit Suisse analyst Moshe Orenbuch slashed NYB shares from outperform to neutral, citing lower interest rates, increased competition and a tougher regulatory environment as reasons the bank may suffer on its bottom line.
The effect on NYB...
