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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 ...
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 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 ...
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 ...
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 ...
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. ...
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 ...
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%