Flagstar Bank NA (FRA:QC10)
€ 12.88 +0.010 (+0.08%) Market Cap: 5.49 Bil Enterprise Value: 9.58 Bil PE Ratio: 0 PB Ratio: 0.82 GF Score: 62/100

Flagstar Bank NA at Morgan Stanley US Financials Conference Transcript

Jun 10, 2026 / 07:15PM GMT
Release Date Price: €12.13 (+0.96%)
Manan Gosalia
Morgan Stanley - Analyst

Okay. Up next, we have Flagstar Bank. We're delighted to have with us today Joseph adding, Chairman and CEO; Lee Smith, Co-President, Co-CEO and CFO; and Rich Raffetto, Co-President, Co-CEO and Chief Banking Officer. Thanks so much for joining us.

Joseph Otting
Flagstar Bank NA - Executive Chairman of the Board, Chief Executive Officer

Thank you very much. Honored to be here.

Questions & Answers

Manan Gosalia
Morgan Stanley - Analyst

So Joseph, Rich, and Lee, I want to extend my congratulations to all of you. Joseph, the Board recently announced for those that don't know in the room, a one-year extension of your contract to March 2028. That's a strong vote of confidence in your leadership. And Rich and Lee, you're also now serving as co-Presidents and co-CEOs, in addition to your current role. So congratulations to all of you, Joseph, I guess the question for you is, would love to get your thoughts on the new leadership structure and what this means for Black start

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