StockCall Insight into New York Community Bancorp and First Niagara: Savings and Loans Industry Continues to Recover

 StockCall Insight into New York Community Bancorp and First Niagara: Savings
                   and Loans Industry Continues to Recover

  PR Newswire

  LONDON, February 15, 2013

LONDON, February 15, 2013 /PRNewswire/ --

The U.S. savings and loans industry was one of the biggest casualties of the
subprime mortgage crisis , with Washington Mutual , the biggest savings and
loans bank filing for bankruptcy. The industry suffered due to its exposure to
subprime mortgages. The crisis also led to a drop in deposits at savings and
loans banks. However , the industry is starting to show signs of stability ,
and savings and loans banks such as New York Community Bancorp Inc. (NYSE:
NYCB) and First Niagara Financial Group Inc. (NASDAQ: FNFG) can expect an
improved operating environment. StockCall has issued technical analysis and
charting reports on New York Community Bancorp and First Niagara Financial
Group Inc. Download these free reports now at

http://www.stockcall.com/todaysopinions

Fall in Deposits and Record Low Interest Rates

Following the subprime crisis, the savings and loans industry saw a drop in
deposits as customers moved their money into bigger commercial banks. As a
result, savings and loans banks saw a drop in money that they could lend.

Record low-interest rates in the U.S. have created margin pressure, which is
also hurting savings and loans banks. With the Federal Reserve expected to
keep interest rates at record levels for a while, banks will continue to face
margin pressure. On the positive side, low-interest rates have boosted
mortgage lending activity. This is likely to continue to benefit the savings
and loans industry.

M&A Activity and Improving Financial Position 

A major trend that has emerged in the savings and loans industry is
consolidation. This trend is expected to continue. Consolidation is expected
to benefit the industry.

Savings and loans banks have seen a significant improvement in their financial
positions in the last two years. In fact, the banks that have survived the
subprime mortgage crisis have emerged stronger, with robust balance sheets.

New York Community Bancorp Inc. Reports Strong Q4 Results

New York Community Bancorp Inc. last month reported strong financial results
for the fourth quarter of 2012. The company's GAAP earnings for the quarter
were $122.8 million. For the full year 2012, the company reported earnings of
$501.1 million on a GAAP basis. Download the free research on New York
Community Bancorp Inc. today by registering at

http://www.StockCall.com/NYCB021513.pdf 

Net interest income for the quarter was $290 million, while net interest
margin for the quarter was 3.15%. The company's mortgage banking income more
than doubled in 2012 from 2011. Mortgage banking income in the fourth quarter
was $32.6 million, up 31.9% over the same period in the previous year.

Joseph R. Ficalora, President and CEO of New York Community Bancorp Inc., said
that the company's 2012 performance underscored the merits of complementing
its traditional multi-family lending in New York City with nationwide
origination of one-to-four family loans for sale.

First Niagara Financial Group Inc.'s Q4 Results Reflect Strong Core Business
Fundamentals 

Last month, First Niagara Financial Group Inc. also reported its financial
results for the fourth quarter and full year 2012. The company's results
reflected strong core business fundamentals and core customer acquisition
across its regional banking footprint. Sign up and have access to our free
report on First Niagara Financial Group Inc. at

http://www.StockCall.com/FNFG021513.pdf 

John R. Koelmel, President and CEO of First Niagara Financial Group Inc., said
that the company finished 2012 with its team and franchise in a very solid
position.

The company reported non-GAAP operating net income of $67.8 million for the
fourth quarter.

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