SOURCE: StockCall

StockCall

November 29, 2010 08:58 ET

Analyst Research on New York Community Bancorp Inc. and Northwest Bancshares Inc. -- Savings and Loans Sector Sees Confusing M&A Landscape

JOHANNESBURG, SOUTH AFRICA--(Marketwire - November 29, 2010) - www.stockcall.com/ offers investors comprehensive research on the savings & loans industry and has completed analytical research on New York Community Bancorp Inc. (NYSE: NYB) and Northwest Bancshares Inc. (NASDAQ: NWBI). Register with us today at www.stockcall.com/ to have free access to these researches. 

Many companies in the Savings and Loans sector have been raising funds to buy other distressed or failing banks. With the FDIC seizing and auctioning off the assets of around 140 banks so far this year, the sector has an unusually large amount of available and attractively priced assets up for grabs. While many mergers and acquisitions have taken place, the FDIC has begun to cancel or delay transactions most recently due to concerns about the financial feasibility of some deals. As an example, Northwest Bancshares Inc.'s acquisition of Nextier has been terminated as a result of a lack of approval by the FDIC. This potential for failure has many companies within the sector thinking twice before they go down the expensive and time consuming road that leads to consolidation. Investors looking for complimentary research on Northwest Bancshares Inc. are welcome to sign up at www.stockcall.com/NWBI291110.pdf for our new report. 

www.stockcall.com/ is an online platform where investors doing their due-diligence on the savings & loans industry can have easy and free access to our analyst research and opinions on New York Community Bancorp Inc. and Northwest Bancshares Inc.; all investors need to do is register for a complimentary membership at https://stockcall.com/development/stockcall/page.php?name=register.html

While the FDIC has increased the total number of banks on its confidential list of trouble banks, the sector as a whole seems to be growing healthier. Loan portfolios have been generally stronger and banks are setting aside less money for loan losses. Register now at https://stockcall.com/development/stockcall/page.php?name=register.html to have free access to our reports on the savings & loans industry.

The sector has some cause for concern, however, due to a recent court case that found a bank guilty of misrepresenting loan values to its shareholders during the housing crisis. Jurors decided that the company did not make shareholders adequately aware of the risks they were taking and thus have to pay a certain percentage of their stock price back to investors. The bank says the loss was not their fault and is seeking a dismissal of the verdict based on the losses simply being due to the collapse of the housing market. The Savings and Loans sector could be in for some costly litigation if more investors choose to file class-action lawsuits. Visit www.stockcall.com/ to see how companies in this industry have grown over the past years and how they are expected to perform in the future.

For the third quarter 2010, savings & loans bank New York Community Bancorp Inc. saw its operating earnings climb by 49% to $134.4 million. Investors looking for free research on New York Community Bancorp Inc. are welcome to sign up at www.stockcall.com/NYB291110.pdf for our new report. 

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