Zohran Mamdani's win in NYC mayoral primary increases likelihood of rent freezes in NYC

From Yahoo Finance: 2025-06-26 10:55:00

Zohran Mamdani’s win in NYC mayoral primary increases likelihood of rent freezes on NYC rent regulated apartments, negatively impacting Flagstar Financial (FLG). Analyst notes Flagstar’s improved credit quality but warns multiple years of rent freezes could drive higher reserve build. Firm has Equal Weight rating and $13 price target on Flagstar shares.

Read more at Yahoo Finance: Rising odds of rent freezes in NYC negative for Flagstar, says Morgan Stanley