New York Community Bancorp (NYCB) shares surged after the new CEO presented a two-year plan aiming for profitability. The bank faced challenges with elevated loan loss provisions and a first-quarter loss due to higher provisions. Despite this, NYCB forecasts estimate-topping profits for the next two years, leading to a significant jump in shares. Short sellers of NYCB stock were hit with losses after a post-earnings rally, with estimates indicating over $42 million in losses. The bank's performance has been closely watched, with concerns about loan defaults and delinquencies in the commercial real estate sector.
Mall giant Macerich likely to start defaulting on maturing loans, says Barclays @MarketWatch #CMBS https://t.co/V6egtHuHfX
Potential failure of NYCB is ‘squarely off the table (for the time being),’ analyst says https://t.co/IOiSdYmTXt
$NYCB loan defaults surge 400% as rent-stabilized buildings bleed https://t.co/2Zle9JPLLp
Short sellers stare at $42M in losses after post-earnings rally, Ortex says. $NYCB https://t.co/4UqR8gB34z
NYCB CEO predicts a 'clear path to profitability' after disclosing first-quarter loss https://t.co/gGeB6sVtHH by @DsHollers
The delinquency rate for CMBS spiked above 5% this month, the highest level since September 2021. • 5.94% of retail payments • 5.97% of lodging payments • 7.38% of office space payments —are 30+ days late. Delinquencies📍→ defaults → deleveraging → recession. https://t.co/9RGmJjvAEG
The delinquency rate for CMBS spiked above 5% in April, to the highest level since September 2021. • 5.97% of lodging payments are 30+ days late • 7.38% of office payments are 30+ days late • 5.94% of retail payments are 30+ days late Property defaults are coming 👀 https://t.co/lq4GmrCyXt
NYCB Stock Jumps as Results for Embattled Bank Top ‘Worst-Case Fears’ https://t.co/ByrLczqzle
NYCB's estimate-topping profit forecasts fire up battered shares https://t.co/IRdsG7n96q https://t.co/5fGNXPBkXI
NYCB short sellers stare at $42 mln in losses after post-earnings rally, Ortex says https://t.co/8nDhdJhSTM https://t.co/VA4TlZHutH
US banks selling commercial real estate loans to get ahead of stress, diversify | S&P Global Market Intelligence #CMBS https://t.co/qjBVcSxBg4
⚠️ NYCB SHORT SELLERS STARE AT $42 MILLION IN LOSSES AFTER POST-EARNINGS RALLY, ORTEX SAYS Full Story → https://t.co/zNbGKWq3ko Traders shorting New York Community Bancorp's stock were sitting on more than $42 million of losses on Wednesday after the lender's…
CRE in big trouble... Loans buyouts to hide defaults... $ABR $CBRE https://t.co/tfDXFV9bzc
$NYCB up 30% to $3.50 after earnings that were perhaps less bad than some feared (the stock was down sharply into the #), and mgmt came across as lucid & competent, but the report certainly was not good. With $30 b of office and mostly rent-controlled multi-family loans, many…
NYCB shares getting a lift today , up ~30% after co. was able to ... post earnings just before regulatory deadline (bank call reports were due yesterday midnite). 👇 https://t.co/M3cjqdUG8d
New York Community Bancorp (NYCB) 3.48 +0.83 (+31.13%) 10:59 ET [NYSE] How could you be so wrong Jake ? Puts were exited at $2.68 yesterday Memberships has its privileges https://t.co/GwBXAzOvDV $NYCB $VLY adding sep 20th 6.00 puts at 0.55 courtesy of @MyCallSystem
As delinquencies on multifamily mortgages pile up, lenders who had bundled those borrowings into securitizations known as commercial real estate collateralized loan obligations are racing to stave off trouble https://t.co/GvXhnc6WbU via @markets https://t.co/xQaZ0C41Re
NYCB forecasts estimate-topping profit for next 2 years, shares jump https://t.co/5oPx1PxIa5 https://t.co/5JMUmqTw5Z
$NYCB (+20%): CFO -> deposits stable growth in April - 1Q total deposits of $74.86bn - 2024 NII of 2.4-2.45bn, from $2.8-2.9bn in Jan - 2025 NII of $2.6-2.7bn (more normalized '25-26 - Targeting peer level profitability by 4Q26 - Total liquidity of $28 billion - Not assuming… https://t.co/JrswZTW6gF
As delinquencies on multifamily mortgages pile up, lenders who had bundled those borrowings into securitizations known as commercial real estate collateralized loan obligations are racing to stave off trouble https://t.co/EUQYi6CbV0
$NYCB (+19.2% pre) NYCB posts first-quarter loss on higher provisions https://t.co/spO4THUoyH
“To keep the share of bad loans from spiking too high —a development that would cut the issuers off from the FEES THEY COLLECT on CRE CLOs — they’ve been furiously buying them back. The lenders acquired $520M of delinquent credit QoQ, a 210% increase on the same period last year” https://t.co/gUEfI1Ct11
*NYCB SEES ELEVATED LOAN LOSS PROVISION LEVEL OVER REST OF 2024 moar regional banks failures is needed
NYCB shares jump after new CEO gives two-year plan for "clear path to profitability" https://t.co/paj7kDoDrQ