NYCB Is Weighing on Regional Banks. Morgan Stanley Rates These 4 a Buy.

A glimmer of hope appeared Friday for beleaguered New York Community Bancorp after its stock rose 17% on strong trading volume. Investors seemed reassured by insider stock purchases and the board chairman’s promise to build a “fortress” balance sheet. A Friday’s close of $4.90, the regional bank was still down 18% for the week, and over 50% since Jan. 31.