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Shares of New York Community Bancorp (NYSE: NYCB) have lost roughly two-thirds of their value over the past year. Meanwhile, the average bank stock, using the SPDR S&P Bank ETF as an industry ...
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The stock crumbled, the dividend was cut to a token penny per share per quarter, and the bank ended up taking a $1 billion handout to help it muddle through a turnaround. New York Community ...
The bank has made some big moves since its sharp sell-off earlier this year. With the Federal Reserve cutting interest rates, is now the time to buy? Should You Buy New York Community Bancorp ...
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In 2017, the bank sold the mortgage business acquired from the purchase of AmTrust at a $90 million profit. [18] In March 2010, Desert Hills Bank of Phoenix, Arizona, with $496 million in assets, was seized by the FDIC and acquired by NYCB. [19] [20] In June 2012, NYCB acquired the assets of Aurora Bank from Lehman Brothers. [21]
Beleaguered regional lender New York Community Bank is receiving a more than $1 billion equity investment. ... the stock dipped below $2 a share and neared the lowest price the stock ever traded at.
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