Flagstar Financial stock rises 0.61 percent in NYSE trading

Flagstar Financial stock (ISIN US6494454001) rose 0.61 percent to USD 12.38 in NYSE trading on September 24, 2026, with a market capitalization of USD 5.158 billion. The move followed a second quarter in which revenue reached USD 512 million, up 3.2 percent from the prior year.

Revenue grows while earnings lag

Flagstar Financial reported second-quarter 2026 revenue of USD 512 million, according to The Globe and Mail. That was 3.2 percent higher than the comparable period, but the figure fell 5.8 percent short of analyst expectations.

Adjusted earnings reached USD 0.05 per share in the quarter, below the USD 0.07 consensus cited in the same report. Adjusted net income was USD 23 million, compared with a loss of USD 0.14 per share in the year-earlier period, marking a material profitability change despite the revenue shortfall.

Analyst target reaches USD 17

Morgan Stanley upgraded Flagstar Financial to Buy and raised its price target from USD 14 to USD 17 on September 8, 2026, according to Moomoo. The new target stands USD 4.62, or 37.3 percent, above the September 24 price of USD 12.38.

The latest quarter also showed balance-sheet expansion. Total assets reached USD 87.714 billion on June 30, 2026, while deposits stood at USD 67.521 billion, compared with USD 66.832 billion on March 31, 2026.

Stock remains below yearly high

At USD 12.38 on September 24, 2026, Flagstar Financial traded USD 3.06 below its 52-week high of USD 15.44 and USD 1.81 above its 52-week low of USD 10.57. The range places the share price closer to the yearly low than the yearly high, while the quarterly figures show improving profitability alongside a continuing earnings-expectation gap.

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