Shares of New York Community Bancorp, Inc. (NYSE:NYCB – Get Free Report) reached a new 52-week low on Wednesday following a dissappointing earnings announcement. The company traded as low as $5.58 and last traded at $6.42, with a volume of 33426874 shares trading hands. The stock had previously closed at $10.38. The financial services provider […]
Investors lulled into thinking U.S. regional banks were out of the woods after ruptures last year have been given a jolt by New York Community Bank. The under-the-radar lender's earnings report sparked a sell-off in regional bank shares in a warning for investors that had grown inured to the sector's sensitivity to high Federal Reserve interest rates nearly a year after two banks failed. While NYCB's confluence of problems are unique to its balance sheet, elements of its earnings underscored regional lenders' ongoing sensitivity to high Fed rates which continue to squeeze commercial real estate (CRE) portfolios and lending margins, investors said.
New York Community Bancorp, Inc. (NYSE:NYCB – Free Report) – Investment analysts at DA Davidson issued their Q1 2024 earnings per share (EPS) estimates for New York Community Bancorp in a research report issued on Thursday, February 1st. DA Davidson analyst P. Winter anticipates that the financial services provider will post earnings per share of […]