SOURCE: Wall Street Equity Research

Wall Street Equity Research

September 23, 2010 09:18 ET

Research on New York Community Bancorp and People's United Financial -- A Recovering Industry

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 23, 2010) - offers world class analysis on savings & loans companies New York Community Bancorp Inc. (NYSE: NYB) and People's United Financial Inc. (NASDAQ: PBCT). Sign up today at to receive free research reports on these companies.

The Savings and Loans sector seems to be on the correct track lately. The Federal Deposit Insurance Corporation recently reported a $21.6 billion profit in Q2, the highest quarterly profit since Q3 of 2007. Last year's Q2 posted a loss of $4.4 billion. The recent gains within the sector are attributed to a fall in loan delinquencies. is a specialized website where investors can have full access to free reports on savings & loans stocks; traders looking for analyst opinions on New York Community Bancorp Inc. and People's United Financial Inc. are welcomed to sign up for a free one year membership at

While the amount of troubled assets still remains high for many banks, the amount of loans 90 or more days overdue fell for the first time since 2006, signaling a possible recovery. The demand for home loans has been down, however, as the buyers have become more reluctant since the expiration of the government backed tax credit for homebuyers. One good piece of news is that the total number of house starts increased 10.5% in August. Visit us at to understand the catalysts and forces driving or affecting savings & loans companies in today's economic environment.

Some of the best performing companies within the sector are those that refused money from the Troubled Asset Relief Program. New York Community Bancorp Inc. and People's United Financial Inc. are two such banks that have refused TARP money and have fared much better than their peers that opted otherwise. By avoiding the negative sentiment involved with "bail-out money" these banks have gained ground with large depositors and trust managers along with the general public. Shareholders and investors can access the free research New York Community Bancorp Inc. and People's United Financial Inc. now by signing up at or

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