New York Community Bancorp stock plunged for a second day Thursday after the regional bank reported a surprise loss, and wrote down bad real-estate loans.
(Bloomberg) New York Community Bancorp plunged a record 46% after reporting a surprise loss tied to deteriorating credit quality and a cut to its dividend.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyByron Allen’s Latest Takeover Attempt: Paramount for $14 BillionBig Tech Gets Crushed, Bonds Gain in Run-Up to Fed: Markets WrapNovo Nordisk Smashes Past $500 Billion Value