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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 ...
After the deal was announced, the stock shot up 31% but those gains quickly leveled off. Ultimately, shares of NYCB closed 7% higher for the day after trades settled.
On Monday, the bank’s stock will cease trading under its current NYCB ticker symbol and instead trade under the symbol FLG. The name Flagstar comes from the Troy, Mich.-based lender that NYCB ...
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 ...
Customers of New York Community Bank pulled $6 billion worth of deposits between February 5 and March 5, leaving the bank’s deposit base 7% lower, at $77 billion. Customers are pulling their ...
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 ...
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 ...
New York Community Bank, which is one of the nation’s top 30 lenders, has a high level of exposure to rent-controlled apartment complexes in New York City. Those buildings account for 22% of its ...