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Shares of New York Community Bank (NYSE: NYCB) dropped 68.6% in the first six months of the year, according to data provided by S&P Global Market Intelligence.The bank slashed its dividend in ...
Following the sale of its mortgage businesses and the reverse stock split, New York Community Bancorp expects a net loss of $2.20 to $2.30 per share this year, followed by a breakeven year next year.
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 ...
New York Community Bancorp, Inc. New York Community Bancorp, Inc. ( NYCB ), headquartered in Hicksville, New York, is a bank holding company for Flagstar Bank. In 2023, the bank operated 395 branches in New York, Michigan, New Jersey, Ohio, Florida, Arizona and Wisconsin. [ 3] Branches used to be operated under the names Queens County Savings ...
The $1 billion investment ideally caps a rough period for NYCB. The bank on Jan. 31 reported a fourth-quarter loss of 36 cents a share that missed Wall Street expectations. It also slashed its ...
Flagstar Bank. Flagstar Bank is an American commercial bank headquartered in Troy, Michigan. A wholly owned subsidiary of New York Community Bank, Flagstar is one of the largest residential mortgage servicers in the United States, and was among the largest banks in the United States prior to its acquisition in 2022.
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.
New York Community Bank made a dramatic attempt to regain investor confidence by announcing a new CEO and a $1 billion infusion from a group that includes former Treasury Secretary Steven Mnuchin.