Sign in

    Broderick Preston

    Research Analyst at UBS

    Broderick Preston is an Analyst at UBS specializing in equity research, with coverage focused on the US retail and consumer sector, analyzing major publicly traded companies in this space. His role involves generating actionable investment recommendations and financial models for institutional clients, though published performance metrics or rankings on platforms such as TipRanks or Institutional Investor are not publicly available. Broderick Preston began his career before joining UBS but detailed history of former employers, the exact start date at UBS, and notable achievements or industry recognitions are not currently disclosed in public records. While typical for analysts in his role to hold securities licenses such as Series 7, 63, or 86/87, confirmation of Preston’s professional credentials or FINRA registration has not been found.

    Broderick Preston's questions to NYCB leadership

    Broderick Preston's questions to NYCB leadership • Q4 2023

    Question

    Asked for details on the deposit composition, including the amount of brokered CDs in the quarterly increase and the remaining FHLB borrowing capacity. He also inquired if the uninsured deposit percentage is a good proxy for institutional clients and if the bank considered using NDAs with large depositors.

    Answer

    Brokered CDs increased by about $1 billion, with the rest of the CD growth coming from the retail network. The bank has significant FHLB capacity remaining, which it will use to build liquidity. The uninsured deposit base is not primarily institutional but consists of business operating accounts. The bank did not comment on the use of NDAs.

    Ask Fintool Equity Research AI

    Broderick Preston's questions to NYCB leadership • Q3 2023

    Question

    Questioned the specifics of two non-performing office loans (LTVs), the risk in the broader office portfolio, and sought clarification on the average earning asset guide for Q4.

    Answer

    The bank provided LTV details on the NPLs (originated at 65%, now 90% and >100%), expressed confidence in the rest of the office book due to enhanced monitoring, and clarified that the decline in average earning assets is slowing as spot balances stabilize.

    Ask Fintool Equity Research AI