Jim Cramer’s 20 Stock Calls: Microsoft, SoFi, and Tech Earnings Recap

17. Flagstar Bank, National Association (NYSE:FLG)

Flagstar Bank, National Association (NYSE:FLG) was among Jim Cramer’s stock calls on Mad Money recently as he recapped mega-cap tech earnings. A caller asked if the stock is a buy, sell, or hold, and Cramer replied:

I know Flagstar Bank. I’m going to give you a hold, and I’ll tell you why I’m just going to give you a hold. There’s nothing special. It’s not making all that much money. Doesn’t have that big a dividend. It’s just like, eh, I don’t like “eh”. No reason to buy it.

Flagstar Bank, National Association (NYSE:FLG) provides personal and business banking services, including deposit accounts, insurance products, and online banking. The company also offers lending options, such as commercial, real estate, and specialty finance loans. Black Bear Value Fund stated the following regarding Flagstar Bank, National Association (NYSE:FLG) in its Q1 2026 investor letter:

Flagstar Bank, National Association (NYSE:FLG) increased by ~5% in Q1. Flagstar Financial is the former New York Community Bank (a mashup of Flagstar Bank, New York Community Bank and assets from Signature Bank). Like our past SHORT investments in Silicon Valley Bank and First Republic, FLG had a hole in their balance sheet (from soured multifamily and office real estate vs. long-duration securities). That is where the similarities end.

FLG raised over $1BB in additional capital, led by former Treasury Secretary Steven Mnuchin. They revamped the management team and brought in a superstar CEO in Joseph Otting who successfully turned around OneWest Bank post GFC (formerly known as IndyMac Bank). Mr. Otting and his team are my kind of managers – they are plain-spoken, hardworking and plan for the worst while hoping for the best… (Click here to read the full text)