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Ben Emons, head of fixed income for NewEdge Wealth, noted that banks trading for less than $5 a share are perceived by markets as being at risk for government seizure. NYCB stock notched a 52-week ...
NYCB has roughly $2.6 billion in office loans, but it is more heavily exposed to multifamily properties. ... On Monday, the bank’s stock will cease trading under its current NYCB ticker symbol ...
Beleaguered regional lender New York Community Bank is receiving a more than $1 billion equity investment.. The majority of the investment, $450 million, is coming from former Treasury Secretary ...
On Thursday’s call, NYCB also announced it’s slashing its dividend to one penny a share. This comes after the company announced in January it was cutting its dividend from $0.17 a share to $0. ...
NYCB on Tuesday highlighted what it called its "deposit stability," noting that total deposits of $83 billion were up from $81.4 billion at the end of 2023. Its uninsured deposits were $22.9 ...
The turmoil at NYCB is also dragging down the value of other regional bank stocks and stoking new concerns about the industry's vulnerability to commercial real estate that is suddenly worth less ...
Shares of New York Community Bank fell 23% Monday, hitting their lowest level since 1996.The stock is struggling to recover after the beleaguered regional lender said in a filing last week it had ...
The new disclosure is the latest twist in a two-week-long saga roiling one of the country's top 30 banks. NYCB's stock began falling on Jan. 31 when it surprised analysts by slashing its dividend ...