Regional U.S. banking stocks slipped sharply on Thursday as surprise quarterly loss posted by New York Community Bancorp sparked fears of broader risks that commercial real estate loans (CRE) pose to the sector.
By Will Feuer Regional bank stocks traded broadly lower for a second day as investors continued to digest challenges at New York Community Bancorp. The KBW.
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 tumbled for a second straight day as Wall Street downgrades piled up and Moody’s Investors Service put the lender on review for a credit-rating cut.Most Read from BloombergDonald Trump Loses London Case Against Ex-MI6 Spy Over Kremlin DossierA $560 Billion Property Warning Hits Banks From NY to TokyoApple’s China Slump Deepens Even as Total Sales Grow AgainQQQ Up in Late Trading as Meta Soars, Apple Falls: Markets WrapApple China Slowdown Sparks Fears Th