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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 ...
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 ...
NYCB underwent multiple acquisitions in the 2000s, acquiring Haven Bancorp for $196 million in 2000, [7] Richmond County Financial in an $802 million transaction in 2001, [8] asset manager Peter B. Cannell & Co. in 2002, [9] Roslyn Bancorp in a $1.6 billion transaction in 2003, [10] Long Island Financial in a $70 million transaction in 2005 ...
It also slashed its dividend by 71% to 5 cents a share. This led Fitch to downgrade the bank’s debt on Feb. 2 to BBB-, while on Feb. 6, Moody’s Investors Service cut its rating on NYCB debt to ...
NYCB lost $7.8 billion in uninsured deposits over the last month. ... Its stock jumped after the market open Thursday, and it ended the day up nearly 6%. ... Otting said the company's dividend ...
On April 26, 2021, New York Community Bancorp, Inc. (NYCB) announced the acquisition of Flagstar in an all stock strategic merger. [31] The acquisition was completed on December 1, 2022. [32] In March 2023, New York Community Bancorp's Flagstar Bank took on nearly all of Signature Bank's deposits. Signature Bank was closed by regulators on ...
It was a very bad look, and Wall Street dropped the stock like a rock. The dividend was cut, the board of directors brought in new leadership to upgrade the bank's controls, and New York Community ...