Swiss National Bank boosted its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB – Free Report) by 6.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,587,307 shares of the financial services provider’s stock after purchasing an additional 100,500 […]
Investors have punished the stock of NYCB so far this month. To know why, it helps to understand the changing economics of a New York City staple: the rent-stabilized apartment building.
Bull markets, John Templeton observed, “are born on pessimism, grow on skepticism, mature on optimism, and die of euphoria.” It would appear that this market.