Shares of New York Community Bancorp Inc. (NYSE:NYCB) have plummeted by over 54% so far this year as the bank struggles to manage its assets during the latest wave of the regional banking crisis. The bank reported a total loss of $252 million in the fourth quarter of 2023 and slashed dividends by roughly 71% from the previous quarter to $0.05 per share. Signature Bank Acquisition In the aftermath of last spring’s banking crisis, New York Community Bank (NYCB) seized the opportunity to acquire a
Brandywine Global Investment Management LLC lessened its position in shares of New York Community Bancorp, Inc. (NYSE:NYCB – Free Report) by 5.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,705,947 shares of the financial services provider’s stock after selling 258,434 shares during the […]