Regional banking company Flagstar Financial (NYSE:FLG) missed Wall Street’s revenue expectations in Q1 CY2025, with sales falling 22.6% year on year to $490 million. Its non-GAAP loss of $0.23 per share was 17.1% above analysts’ consensus estimates.
Volatility cuts both ways - while it creates opportunities, it also increases risk, making sharp declines just as likely as big gains.
This unpredictability can shake out even the most experienced investors.
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the thrifts & mortgage finance stocks, including Flagstar Financial (NYSE:FLG) and its peers.
Banks play a critical role in the financial system, providing everything from commercial loans to wealth management and payment processing services. But concerns about loan losses and tightening regulations have tempered enthusiasm,
and over the past six months, the banking industry has pulled back by 5.8%. This performance was disappointing since the S&P 500 climbed 1.9%.
JPMorgan analyst maintains neutral rating for Flagstar Financial due to unfavorable migration in multifamily NPAs and skepticism around credit quality.
Check out this week's top-performing mid-cap stocks, including Akero Therapeutics' remarkable 106.57% surge following positive clinical trial results and other companies like Surgery Partners experiencing significant growth due to strategic developments.
Wall Street is struggling to find risk-on momentum, with major indexes stuck near the flatline at midday as investors assess the latest earnings reports from mega-cap tech stocks and weaker-than-expected U.S.
SAN DIEGO, Jan. 10, 2025 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed on behalf of all persons who acquired New York Community Bancorp, Inc. (“NYCB”) common stock in exchange for FlagstarBank N.A. (“Flagstar”) securities in connection with the December 2022 merger between the two companies, charging the combined company, Flagstar Financial, Inc., and certain of its current and former officers and directors with violations of the federal securities laws (collectively, “Defendants”).
