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It also slashed its dividend by 71% to 5 cents a share. This led Fitch to downgrade the bank’s debt on Feb. 2 to BBB-, while on Feb. 6, Moody’s Investors Service cut its rating on NYCB debt to ...
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. ...
New York Community Bancorp is attempting to reassure investors about its deposits, liquidity, and governance following a week-long plunge in the company’s stock.
The announcement sent shares of the bank, which has been hammered by weakness in commercial real estate and growing pains resulting from its buyout of a distressed bank, on a wild ride. After nearly halving early in the day, the stock surged nearly 30% after the announcement, only to give it all up and then swivel before ending with a gain of 7.5%.
New York Community Bancorp lost 7% of its deposits ... Last week Fitch cut NYCB’s credit grade to junk. ... Otting said the company's dividend will be reduced to $0.01 from $0.05 after having ...
NYCB's stock began falling on Jan. 31 when it surprised analysts by slashing its dividend and reporting a net quarterly loss of $252 million. Read more: The 10 best online banks for February 2024
Today we'll take a closer look at New York Community Bancorp, Inc. (NYSE:NYCB) from a dividend investor's perspective...
It also slashed its dividend by 71% to 5 cents a share. This led Fitch to downgrade the bank’s debt on Feb. 2 to BBB-, while on Feb. 6, Moody’s Investors Service cut its rating on NYCB debt to ...