Flagstar stock rallies as bank shores up its credit quality and draws an upgrade - MarketWatch
Flagstar's stock rose 7% after an analyst upgrade for capital improvement efforts. The bank's fourth-quarter loss was better than expected, losing 41 cents per share. Analysts upgraded Flagstar due to its stock trading 64% below total book value. Flagstar's tier-one capital ratio improved to 11.9%, top among its peers. Loan losses decreased, but challenges remain as the bank is still unprofitable.
View signal analysis