Why New York Community Bancorp Stock Dove by 8% Today [Yahoo! Finance]
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
This was met with a fairly sharp and negative reaction from the market, which wasted little time in selling off the stock to the point where it closed more than 8% lower. That was notably worse than the essentially flat performance of the bellwether S&P 500 index on the day. For the quarter, New York Community Bancorp saw its revenue fall 7% year over year to $623 million. That was on the back of a 5% slide in total loans and leases, and, heading in the other direction, 5% growth in deposits. As for the bottom line, the bank posted a generally accepted accounting principles ( GAAP) loss of $280 million, or $0.79 per share. That was in sharp contrast to the Q3 2023 profit of $207 million. Citing data compiled by S&P, American Banker said that analysts were collectively expecting only a $141 million loss for the period. New York Community Bancorp is a major lender for real estate projects in its namesake city. Weakness in that market has badly affected the lender, which continues
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News
- New York Community Bancorp declares $0.01 dividend [Seeking Alpha]Seeking Alpha
- NEW YORK COMMUNITY BANCORP, INC. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKSPR Newswire
- New York Community Bancorp, Inc. (NYCB) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- New York Community Bancorp (NYCB) Reports Q3 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- Another bad quarter for NYCB shows CRE problems are not yet behind banks [Yahoo! Finance Canada]Yahoo! Finance Canada
NYCB
Earnings
- 10/25/24 - Miss
NYCB
Sec Filings
- 10/25/24 - Form 8-K
- 10/25/24 - Form 8-K
- 10/25/24 - Form 8-K
- NYCB's page on the SEC website