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Shares of the troubled lender plunged 25% Friday to below $4 apiece after NYCB restated recent quarterly earnings lower by $2.4 billion, formally replaced its CEO and delayed the release of a key ...
In an update last month, the bank said that deposits were stable and had even increased slightly in the last quarter of 2023. That update came after NYCB reported a surprise loss last quarter in ...
The bank’s latest troubles come just one month after NYCB reported it would slash dividends after reporting a surprise loss of $252 million last quarter, compared to a $172 million profit in the ...
The name Flagstar comes from the Troy, Mich.-based lender that NYCB acquired in December 2022. One big reason for the bank’s change in profitability forecasts is that its expenses will be $50 ...
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 ...
New York Community Bancorp lost 7% of its deposits in one month, highlighting the challenges facing a new investor group led by Steve Mnuchin as it outlined its turnaround strategy Thursday.
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 ...
Investors applied more pressure on New York Community Bank Thursday despite the lender’s efforts to shore up confidence.The stock seesawed for much of Thursday morning and ended the day down 7%