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Banking Stocks Under Scanner — New York Community Bancorp, People’s United Financial, Investors Bancorp, and BofI Holding

Stock-Callers.com redirects investors’ attention to the Savings and Loans industry, which in the second quarter has slightly improved due to a rebound in oil prices and the continued recovery of the U.S. economy. Stocks under review are New York Community Bancorp Inc. (NYSE: NYCB), People’s United Financial Inc. (NASDAQ: PBCT), Investors Bancorp Inc. (NASDAQ: ISBC), and BofI Holding Inc. (NASDAQ: BOFI). You can access of our complimentary research reports on these stocks now at:

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New York Community Bancorp

At the close on Tuesday, shares in Westbury, New York-based New York Community Bancorp Inc. rose 0.63%, ending the day at $14.36. The stock recorded a trading volume of 2.61 million shares. The Company’s shares are trading below their 50-day moving average by 1.90%. Moreover, shares of New York Community Bancorp, which operates as a holding company for New York Community Bank and New York Commercial Bank that offer banking products and financial services in Metro New York, New Jersey, Ohio, Florida, and Arizona, have a Relative Strength Index (RSI) of 47.86.

On July 27th, 2016, New York Community Bancorp reported GAAP earnings of $126.5 million, or $0.26 per diluted share, for the three months ended June 30th, 2016, as compared to $123.7 million, or $0.28 per diluted share, in the year-earlier three months. The Company recorded net interest income of $325.6 million in the current Q2, $2.3 million less than the trailing-quarter level and $40.5 million greater than the year-earlier amount.

On July 28th, 2016, research firm Barclays reiterated its ‘Equal Weight’ rating on the Company’s stock with a decrease of the target price from $17 a share to $16 a share. Visit us today and download your complete report on NYCB for free at:

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People’s United Financial

Shares in Bridgeport, Connecticut headquartered People’s United Financial Inc. ended the day 0.52% lower at $15.43 and with a total volume of 2.44 million shares traded. The stock has gained 1.85% in the last month and 4.10% in the previous three months. The Company’s shares are trading above their 50-day and 200-day moving averages by 2.37% and 1.59%, respectively. Furthermore, shares of People’s United Financial, which operates as the bank holding company for People’s United Bank, National Association that provides commercial banking, retail banking, and wealth management services to individual, corporate, and municipal customers, have an RSI of 55.53.

On July 21st, 2016, People’s United Bank, N.A. announced  that its subsidiary, People’s Securities, Inc., has entered into a definitive agreement to acquire Gerstein Fisher, a $3 billion, New York City-based investment management firm serving individuals and families, institutions, and third-party platforms. The transaction is expected to bring People’s United Wealth Management’s total assets under administration to nearly $20 billion, of which approximately $8 billion is under discretionary management. The complimentary research report on PBCT can be accessed at:

http://stock-callers.com/registration/?symbol=PBCT
Investors Bancorp

On Tuesday, shares in Short Hills, New Jersey headquartered Investors Bancorp Inc. finished 0.18% lower at $11.29 with a total volume of 1.99 million shares traded. The stock is trading below its 50-day moving average by 0.01%. Shares of the Company, which operates as the holding company for Investors Bank that provides community banking products and services to individuals and businesses in the US, have an RSI of 50.94.

On July 27th, Investors Bancorp, reported net income of $44.4 million, or $0.15 per diluted share, for the three months ended June 30th, 2016, compared to $46.4 million, or $0.14 per diluted share, for the three months ended June 30th, 2015. The company noted that total assets increased $528.3 million, or 2% to $21.72 billion at June 30th, 2016, from $21.19 billion at March 31st, 2016. Register for free on Stock-Callers.com and download the PDF research report on ISBC at:

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BofI Holding

San Diego, California-based BofI Holding Inc.’s stock recorded a trading volume of 655,152 shares at the end of yesterday’s session and closed the day at $18.24, gaining 0.16%. The stock has advanced 9.81% in the last one month and 3.52% in the previous three months. The Company’s shares are trading above their 50-day moving average by 5.02%. Additionally, shares of BofI Holding, which operates as the holding company for BofI Federal Bank that provides consumer and business banking products through the Internet in the US, have an RSI at 58.34.

On August 2nd, 2016, BofI Holding reported that net income was $29.7 million, an increase of 21.9% over net income of $24.4 million for the quarter ended June 30th, 2015. Earnings attributable to BofI’s common stockholders were $29.7 million, or $0.46 per diluted share, for Q4 FY16, an increase of 21.9% from $24.3 million, or $0.39 per diluted share, for Q4 ended June 30th, 2015. Get free access to your research report on BOFI at:

http://stock-callers.com/registration/?symbol=BOFI

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