SPYD: A Deeply Flawed 4 81% Dividend Yielding S&P 500 ETF seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
New York Community Bancorp (NYCB) stock tumbled Wednesday morning after Moody’s Investor Service downgraded the bank to its lowest possible investment grade rating. NYCB’s shares fell nearly 14 percent early Wednesday following the downgrade, which Moody’s attributed to the “multi-faceted financial, risk-management and governance challenges facing” the bank. As of midday, the bank’s shares had…
New York Community Bancorp Inc. tried to reassure investors Wednesday, saying total deposits have increased in the last several weeks and that it had “ample”.
While the reserve boost disclosed as part of its fourth-quarter update last week isn’t considered a major factor for the stock’s slide, it’s part of a move.