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New York Community Bancorp posts 2Q profit

WESTBURY, N.Y. _ New York Community Bancorp Inc. on Wednesday reported second-quarter profit of $123.7 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share. New York Community Bancorp shares have risen 14 percent since the beginning of the year.
Source: The Associated Press
INSIGHT-JPMorgan builds up apartment-loan leader from WaMu rubble

NEW YORK, July 1- In September 2008, JPMorgan Chase& Co executives sifted through the rubble of Washington Mutual, the failed home loan bank that they had just won in a U.S. government auction. "It was an unexpected bonus," JPMorgan Chief Executive Jamie Dimon told Reuters in an interview, adding that the apartment lending business is the single most valuable asset...
Source: Reuters | By: David Henry