NYCB Shares Tumble Most Since March as Loan Provisions Surge [Yahoo! Finance Canada]
New York Community Bancorp, Inc. (NYCB)
Last new york community bancorp, inc. earnings: 4/29 07:00 am
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Source: Yahoo! Finance Canada
(Bloomberg) -- New York Community Bancorp's stock fell as much as 17% after reporting provisions for loan losses higher than every analyst's estimate. Most Read from Bloomberg The second-quarter loan provision was $390 million, well above the average estimate of $193 million. The figure reflects an increase in charge-offs, primarily office loans, and the continuing impact of higher interest rates and inflation on the bank's multifamily portfolio, NYCB said in a statement Thursday. ADVERTISEMENT At the same time, the firm said its Flagstar Bank unit agreed to sell its residential mortgage-servicing business to Mr. Cooper Group Inc. for about $1.4 billion. The transaction, which is expected to be completed in the fourth quarter, will add about 60 basis points to the company's common equity tier 1 capital ratio. NYCB Chief Executive Officer Joseph Otting is overhauling the company's balance sheet, as concerns about its outsized exposure to commercial real estate in New York we
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News
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- Dividend Investors: Don't Be Too Quick To Buy New York Community Bancorp, Inc. (NYSE:NYCB) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Investors are betting the Powell pivot will relieve regional bank woes [Yahoo! Finance Canada]Yahoo! Finance Canada
- Investors are betting the Powell pivot will relieve regional bank woes [Yahoo! Finance]Yahoo! Finance
- Forget New York Community Bancorp; Buy This Magnificent High-Yield Bank Stock Instead [Yahoo! Finance]Yahoo! Finance
NYCB
Earnings
- 7/25/24 - Miss
NYCB
Sec Filings
- 9/4/24 - Form 8-K
- 8/23/24 - Form S-1/A
- 8/13/24 - Form SC
- NYCB's page on the SEC website