wedbush on monday upgraded new york community bancorp inc nycb to outperform from neutral based on its expected earnings boost from its acquisition of signature bank’s loan and deposit portfolio as announced by the federal deposit insurance corp fdic new york community bancorp is rallying 30 in premarket trades new york community bancorp’s flagstar unit will operate signature bank’s 40 branches starting monday “nycb benefits from a sweetheart deal as fdic priced the assets to move quickly” analyst david chiaverini said in a research note he estimated that new york community bancorp’s earnings per share will get a 20 accretion from the signature bank deal in exchange for the 27 billion discount on acquired loans plus interest income from signature bank’s loans and securities nycb will give up “only 300 million in equity appreciation rights to the fdic which we view as very favorable terms” he said