New York Community Bank

In CPI Aerostructures, a well-oiled earnings machine

  CPI AEROSTRUCTURES INC. Headquarters: Edgewood Industry: Capital goods AMEX: CVU Reporting Date: Aug. 8, 2019 Reporting Quarter: 2Q FY2019 Quarter Ended: June 30, 2019 Numbers: Reported second-quarter revenues were $23.2 million, a 14.2 percent increase from the $20.3 million reported for the same quarter last fiscal year. Reported net income was $2.7 million, an impressive leap from the $1.3 million reported for 2Q FY2018, and quarterly earnings per diluted share also rose nicely, increasing…


No. 377: Loosing fateful lightning, reshaping SBU’s innovation ecosystem and (sadly) remembering the Islanders fisherman

  That happened fast: Welcome to Friday, dear reader, and welcome to February – one month down already! It’s Feb. 1 out there, which means a) Tom Brady is gearing up somewhere for another ill-gained Super Bowl, and b) It’s National Freedom Day in the United States, honoring Abraham Lincoln’s signing of a resolution that later became the slavery-busting 13th Amendment. Not coincidentally: It’s also the start of U.S. Black History Month, so designated by…


No questions, please, at First Niagara

First Niagara Financial Group announced earnings of 15 cents a share on Friday, in line with expectations. But the big question was about the Buffalo-based bank’s future, specifically a rumored sale to Long Island’s New York Community Bank Corp. or Canada’s TD Bank, also with a large Island presence. And, no surprise, there was no big answer to the big question. “First Niagara has a long-standing policy that we simply do not comment on market rumors or…