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This reversed a seven-day slide that saw NYCB’s stock plunge by nearly 60% to close at $4.20 Tuesday. NYCB is one of the biggest regional banks in the U.S., with $116.3 billion of assets as of ...
Its stock has fallen 67% since the beginning of 2024, but it rose 28% Wednesday after CEO Joseph Otting pledged NYCB would achieve "significantly higher profitability and higher capital levels" by ...
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.
The Hicksville, N.Y.-based bank has a high level of exposure to rent-controlled apartment complexes in New York City. Those buildings account for 22% of its loans.
A view of the New York Community Bancorp stock on Feb. 7 as it was traded on the floor at the New York Stock Exchange (NYSE) in New York City. (REUTERS/Brendan McDermid) (REUTERS / Reuters)
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.
New York Community Bancorp said Thursday it lost 7% of its deposits over the last month, highlighting the challenges facing a new investor group led by Steve Mnuchin that infused $1 billion into ...
Now the $114 billion bank, one of the 30 largest in the US, said in a new filing that the fourth quarter loss was amended to $2.7 billion due to a new $2.4 billion "goodwill" non-cash impairment ...