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Shares of New York Community Bancorp (NYCB) soared 28% Wednesday after the bank laid out a plan to return to profitability, even as it reported a wider-than-expected loss for the first quarter.
New York Community Bancorp's first-quarter loss was worse than expected, but investors are focused on the long term. Management expects conditions to normalize after a year of transition.
New York Community Bancorp (NYCB) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to earnings of $0.23 per share a year ago.
CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.
New York Community Bancorp's stock NYCB, -5.02% rose 1.9% in premarket trading on Wednesday after the company reported a narrower-than-expected loss after an eventful first quarter that included a $1

NYCB posts first-quarter loss on higher provisions

07:12am, Wednesday, 01'st May 2024
New York Community Bancorp reported a loss for the first quarter on Wednesday, as the commercial real estate-focused lender set aside more funds to cover possible defaults.
HICKSVILLE, N.Y. , April 30, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it plans to issue results for the three months ended March 31, 2024
New York Community Bancorp has pushed back its annual shareholders meeting by two weeks to June 5.
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.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for New York Community Bancorp (NYCB), delve into some of its key metrics to gain a deeper insight into the company's potential per
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New York Community Bancorp (NYCB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
New York Community Bancorp's projected first-quarter performance has swung deep into the red after the bank's surprise loss from the previous quarter and steep stock drops in February and March.
JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.
The regional bank's digital unit, called My Banking Direct, pays the best interest rate for savings accounts on the market, 5.55%.
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