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New York Community Bancorp (NYCB) is facing significant challenges as its stock price plunged to a nearly 27-year low following unexpected commercial real estate loan losses and a dividend cut by 70%. The bank's turmoil has raised concerns about the broader exposure of regional U.S. banks to commercial real estate. NYCB's Chief Risk Officer Nicholas Munson's departure weeks before the loss and the bank's subsequent decision to slash its dividend and stockpile cash under pressure from a top US watchdog have spotlighted the risks. The bank's stock has been volatile, with trading halts for volatility, and it has been downgraded by Moody's to junk status. Despite this, NYCB has reassured that there has been virtually no deposit outflow from its retail branches and has named Alessandro DiNello as the new Executive Chairman in an effort to stabilize the situation. NYCB stock closes at $4.20, with the stock down almost 10% in the morning, 25% in a day, and 60% in a week. The bank also saw a significant purchase of July $4 puts, indicating a bearish outlook from traders. Additionally, NYCB's provision for credit losses has increased to $552 million.
Bought the $NYCB dip. I don’t think they let another string of bank failures occur during an election year $kre $xlf
Who is going to save $NYCB before we have another crisis? Bleeding by the minute $kre $xlf
Months ago, we were told that the regional bank crisis is over. Now, the Regional Bank Index is down 13% YTD with New York Community Bank, $NYCB, down 63% in 1 month. Here's where it get's interesting, directly from Fed Chair Powell's interview on 60 Minutes this week: "There… https://t.co/wgDRE4ZwEY
NYCB halted up for volatility https://t.co/O4fYNdOUEK
"Whatever It Takes" - NYCB Shares Crash Despite Reassurances "Virtually" No Deposit Outflow From Branches https://t.co/VP5SJkJ0mq
Embattled New York Community Bancorp names veteran DiNello as executive chair https://t.co/gyzR9yOdIh https://t.co/59TlYDdYVV
$NYCB halted and then unhalted
NYCB halted down for volatility
$NYCB Paused due to volatility
"Whatever It Takes" - NYCB Shares Drop After Chairman Reassures "Virtually" No Deposit Outflow From Branches https://t.co/VP5SJkJ0mq
Updated $NYCB liquidity from today's call https://t.co/V2olj7ES0D
NEW: 🇺🇸US regional bank NYCB cuts dividend by 70% after stock is down 60% in 2 weeks on fears of commercial real estate meltdown. NYCB took over Signature Bank last March during the banking crisis. 👀 https://t.co/VsN7rYOdZE
NYCB SEEN `VIRTUALLY NO' DEPOSIT OUTFLOW FROM RETAIL BRANCHES And there's your signal
$NYCB ❖ NYCB SEEN `VIRTUALLY NO' DEPOSIT OUTFLOW FROM RETAIL BRANCHES
Regional banks generally face higher commercial real estate loan exposure. Not surprising, but worth noting: Exposure map https://t.co/djysdGVWCD
NYCB Stock Turns Positive After Bank Says Deposits Climbed https://t.co/2oJH9lEqmG
⚠️ NEW YORK COMMUNITY BANCORP NAMES NEW EXECUTIVE CHAIR (Reuters) Embattled lender New York Community Bancorp on Wednesday named Alessandro DiNello, a banking industry veteran who had joined its board after the lender bought Flagstar Bank in 2022, as its chairman with immediate… https://t.co/nc5HKIgSDP
NYCB Stock Turns Positive After Bank Says Deposits Have Climbed https://t.co/E7odwlE3vO
$NYCB Stock Turns Positive After Bank Says Deposits Have Climbed - BBG https://t.co/ElhGEI9WZu
"New York Community Bancorp, Inc. (NYSE: $NYCB - US$4.20, Overweight, US$8.00 Target)NYCB Liquidity & Deposit Update Should Alleviate Concerns" @PiperSandler
NYCB shares jump after bank names new chairman following credit rating downgrade @CNBC https://t.co/e92jhAdPNv
NYCB tries to stop steep stock slide with assurances of its strength https://t.co/hzCRTde2LU by @DsHollers
*NYCB NAMES ALESSANDRO DINELLO AS EXECUTIVE CHAIRMAN
1 New York Community Bank reduced their dividend to 5 cents and significantly increased their provision for credit losses to $552 million (from $62 million Q3). Historically, dramatic declines in dividends and significant increases in provisions indicate supervisory intervention
*NEW YORK COMMUNITY BANCORP TURNS POSITIVE, ERASING 16% DROP
New York Community Bank says deposits have grown and liquidity is ‘ample,’ in wake credit rating downgrade https://t.co/peaDgdnbM2
NYCB stock pressured further in premarket trade after Moody's downgrade https://t.co/PKDy5w9IJw
New York Community Bancorp was sued by shareholders after the embattled lender posted unexpected commercial real estate loan losses and slashed its dividend, causing its stock price to sink to a nearly 27-year low https://t.co/yIWIhYC6n8
New York Community Bancorp was sued by shareholders after the embattled lender posted unexpected commercial real estate loan losses and slashed its dividend, causing its stock price to sink to a nearly 27-year low. More here: https://t.co/yVAIyz7ZGp
I kid you not, this was the ALL the flow alerts on Unusual Whales for $NYCB New York Community Bancorp yesterday and this morning. People were gunning for blood heavily. All puts, all 100% (!!!) bearish. Trades are up 100-400% today. $NYCB is down +60% in a week. Insane. https://t.co/I3ap7p9fRc
$NYCB at $3.62 or <0.3x book after hours... https://t.co/vEAbgfw7Ws
HEADLINE ALERT: New York Community Bancorp downgraded by @MoodysInvSvc to junk, to Ba2 from Baa3. This follows @FitchRatings (which makes it official) Bank seeking to build its capital but just took unanticipated loss on CRE, a significant concentration for the bank @business
$NYCB closes at $4.20 I see. https://t.co/4pnREsOgBq
NYCB Extends $4.5 Billion Stock Rout to Lowest Level Since 1997 https://t.co/TQLADEuoll
New York Community Bancorp’s plunging stock price highlights risks that loom over lenders large and small. https://t.co/txe2230xpZ
$NYCB is down nearly 60% in a week. People have been aggresively buying downside protection as well as, since two days ago, shorting it to hell. Look at how high put premiums have exploded last three days. All active chains, ask side puts. https://t.co/X3sT3vDVyd
$NYCB has firm support at
Don't look now $NYCB down 25% today with $116 billion in assets $KRE https://t.co/2kzcp2OLO0
Don't look now $NYCB down 25% today with $116 billion in assets https://t.co/3Y7T5Ai4Rl
Wall Street worries banks aren't worried enough about commercial real estate as NYCB turmoil mounts https://t.co/a37vPiP6fy by @DsHollers
Wall Street is worried banks aren't worried enough about commercial real estate as NYCB turmoil mounts https://t.co/NJ4xwtJ7CU by @DsHollers
Will $NYCB's share price collapse most likely cause a run on the bank?
NYCB Drop Highlights That Regional-Bank Stocks Are Poor Investments https://t.co/XMDghJJr9a
$NYCB ❖ New York Community Bancorp Sued in Proposed Shareholder Class Action Over Recent Disclosures, Stock Price Decline - Court Filing Via Street Insider
Regional bank stocks look ‘very risky’, says DataTrek https://t.co/GK2DqNubSk
Regional bank stocks look ‘very risky’ after ‘barely’ growing dividend payouts since 2006 https://t.co/roCm5ha49b
Wall Street is worried banks aren't worried enough about commercial real estate: https://t.co/BwDqmy7HkE by @DsHollers $NYCB $KRE https://t.co/BpUBVC49xz
$NYCB -15% ❖ YELLEN ASKED ON NY COMMUNITY BANCORP, DECLINES SPECIFIC COMMENT
Wall Street is worried banks aren't worried enough about commercial real estate https://t.co/8KaOGGYJQI by @DsHollers
New York Community Bancorp stock resumes its slide as Fed’s Powell cites ‘challenged’ areas in the banking system https://t.co/U711TSNv9W
I don't think $NYCB is a great canary in the coalmine for other community banks. Their exposure to NYC rent controlled and NYC office are fairly unique. They did a massive takeover and are facing an increased regulatory burden
My puts at $6.80 now up 250% New York Community Bancorp (NYCB) 4.56 -0.84 (-15.56%) #BankingCrisis
New York Community Bancorp Collapse Nears 27-Year-Lows After 'Talks With Regulator' Revealed https://t.co/Hp56gc4HKm
$NYCB down almost 10% this morning https://t.co/CQHBBhJ3Bc
NYCB crashes 7% to new 23 year low.
Mounting pressure from a top US watchdog led to New York Community Bancorp’s surprise decision to slash its dividend and stockpile cash, sources say https://t.co/AhTnJ1P2mR via @business
Mounting pressure from a top US watchdog led to New York Community Bancorp’s surprise decision to slash its dividend and stockpile cash, sources say https://t.co/3egTVgW33v
NEW YORK COMMUNITY BANCORP’S CHIEF RISK OFFICER NICHOLAS MUNSON LEFT WEEKS BEFORE BIG LOSS - FT $NYCB
NEW YORK COMMUNITY BANCORP’S CHIEF RISK OFFICER NICHOLAS MUNSON LEFT WEEKS BEFORE BIG LOSS - FT
NY Bank $NYCB July $4 puts bought 18000X late day
US regional lenders' commercial real estate exposure in spotlight after carnage https://t.co/mcKujbFKlS https://t.co/zl7gVhZGO6
Regional-bank stocks slide as Powell plays down chances of March rate hike https://t.co/yfzRUvkxIa
Regional-bank stocks continue to slide as Fed’s Powell plays down chances of March rate cut https://t.co/MFotiumAVn
🏦 Here is the commercial real estate exposure of some prominent U.S. regional banks: https://t.co/EVbh2zedqw https://t.co/34ZKheGuuk
⚠️ FACTBOX-US REGIONAL LENDERS' COMMERCIAL REAL ESTATE EXPOSURE IN SPOTLIGHT AFTER CARNAGE (Reuters) A sell-off in regional U.S. bank stocks triggered by New York Community Bancorp last week has brought the group's exposure to commercial real estate (CRE) in focus for analysts… https://t.co/zB3qOmobMo