SOURCE: The Bedford Report

The Bedford Report

November 30, 2010 08:46 ET

Are Bargain Bank Stocks Worth the Risk?

The Bedford Report Provides Analyst Research on Flagstar Bancorp & New York Community Bancorp

NEW YORK, NY--(Marketwire - November 30, 2010) -  Earlier this month, The FDIC announced that three regional banks in Wisconsin, Pennsylvania and Florida have gone into receivership, bringing the total of bank failures this year to 149. FDIC Chairman Sheila Bair said recently that while the number of failures will exceed the 2009 tally, the total assets of this year's failures would probably be lower. Having said that, there is a large number of attractively priced assets available, and key players in the savings and loans industry has been raising funds to buy assets. The Bedford Report examines the outlook for companies in the Savings & Loans Industry and provides research reports on Flagstar Bancorp, Inc. (NYSE: FBC) and New York Community Bancorp, Inc. (NYSE: NYB). Access to the full company reports can be found at:

www.bedfordreport.com/2010-11-FBC

www.bedfordreport.com/2010-11-NYB

In recent quarters, most companies in the Savings and Loans industry have been setting aside less money to cover loan losses. More thorough and cautious credit checks have led to fewer delinquent loans and greater financial stability.

While the improving margin helped narrow losses and boost profits among these banks, long-term growth worries still loom. Loan growth has steadily declined due to economic uncertainties. As evident from the high unemployment numbers, companies are not hiring at the pace most expected this year, while capital spending is way down.

The Bedford Report releases regular market updates on the Savings and Loans Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

While some banks are busy picking up cheap assets, others are busy selling problem assets. Earlier this month Flagstar Bancorp sold $474 million in nonperforming residential loans for $209 million. Flagstar says it expects additional charge-offs of $132 million from the transaction.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

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