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New York Community Bancorp, Inc. (NYCB)
Pre-market:
| Previous close | 3.0600 |
| Open | 3.0000 |
| Bid | 0.0000 x 40000 |
| Ask | 0.0000 x 38800 |
| Day's range | 2.9700 - 3.1050 |
| 52-week range | 1.7000 - 14.2200 |
| Volume | |
| Avg. volume | 42,199,148 |
| Market cap | 2.45B |
| Beta (5Y monthly) | 0.91 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.1600 |
| Earnings date | 26 Apr 2024 - 30 Apr 2024 |
| Forward dividend & yield | 0.20 (6.51%) |
| Ex-dividend date | 13 Feb 2024 |
| 1y target est | 4.37 |
BenzingaNYC's Rent-Controlled Apartments Partly Behind NYCB Issues, Analysts Question If $1 Billion Lifeline Enough To Avoid SVB-Like Collapse
With the average one-bedroom, 600-square-foot New York City apartment renting for about $3,760 per month, rent prices have stretched affordability for the city's residents. It's no wonder politicians have sought to make housing more affordable in the city, but a policy aimed at doing so has been blamed, in part, for the struggles of New York Community Bancorp Inc. (NYSE:NYCB), which has seen its stock drop over 72% year to date. NYCB has been hit with a double whammy. In 2019, a change in New Yo
ZacksPacific Premier Bancorp (PPBI) Surpasses Q1 Earnings and Revenue Estimates
Pacific Premier Bancorp (PPBI) delivered earnings and revenue surprises of 2.08% and 2.35%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
ReutersAnalysis-NYCB faces tough choices on CRE loans, balance sheet diversification
New York Community Bancorp will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify its revenue as it races to shore up its finances. The bank's new management has promised to unveil a turnaround plan this month after losses on CRE loans, NYCB's core business, sparked a rout that wiped nearly $6 billion off its market value and sparked ratings downgrades. A $1 billion investment led by former U.S. Treasury Secretary Steven Mnuchin's Liberty Strategic Capital has shored up the bank for the short-term, but it still needs to bolster its capital and shrink its exposure to the CRE sector, which has been hammered by higher interest rates.
