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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 ...
Shares of New York Community Bancorp tumbled 17% in after-hours trading Tuesday evening after the downgrade. That loss is on top of a steep selloff of 22% during regular trading.
NYCB is a big lender to office buildings and rent-regulated apartment complexes, especially in New York City. With $114 billion in assets, it is one of the country's 30 largest banks.
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 ...
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 ...
The NYCB announcement "was a bit of a surprise. I think that’s an outlier." Click here for in-depth analysis of the latest stock market news and events moving stock prices .
NYCB has been in crisis mode since the regional lender reported a surprise loss of $252 million last quarter, compared to a $172 million profit in the fourth quarter of 2022. That caused the stock ...
The index slid further Thursday and was down 4.8% by 11.19 a.m. ET as shares in NYCB, as well as other regional banks, suffered sharp losses. ... The news sent its shares plunging over 21% ...