New York Community Bancorp (NYCB) has experienced a dramatic 22% stock drop, closing at its lowest level since June 2000. The bank's stock value is set to halve as it continues to plummet, with shares falling another 11% on Tuesday following a surprise quarterly loss reported last week. NYCB, which acquired the collapsed Signature Bank last year, has seen a 60% decline in stock value this year, with 40% of its assets not under FDIC insurance. Shareholders have filed a proposed class action lawsuit against NYCB for allegedly hiding the deterioration of its loan portfolio. Moody's has downgraded NYCB's credit rating to junk, specifically to a Long-Term Issuer Rating of Ba2, and warned that 33% of the bank's deposits are uninsured, with the possibility of further downgrades.
⚠️ JUST IN: *NEW YORK COMMUNITY BANCORP CUT TO 'JUNK' BY MOODY'S: 33% OF DEPOSITS UNINSURED $NYCB https://t.co/SlCQDVjh0o
⚠️ NEW YORK COMMUNITY BANCORP STOCK SLIDES AS 'GOVERNANCE RISK' IN FOCUS (Reuters) New York Community Bancorp shares fell 9.5% before the bell on Wednesday, bracing for another challenging trading session after analysts expressed caution about "governance risks" at the bank.… https://t.co/ezkTwxMLe8
NYCB’s Problems Worsen With a Moody’s Downgrade. The Stock Is Sinking. https://t.co/mPhUVRjbbn
Moody’s cuts New York Community Bancorp’s credit rating to junk https://t.co/Df43liHwmn
New York Community Bancorp dealt fresh blow by Moody’s downgrade https://t.co/4Q7QyiBGZr
Moody's cuts NYCB ratings to junk, warns of more downgrades https://t.co/6xsgHZmhsf https://t.co/aM1WF3lmmA
It just keeps getting worse: New York Community Bank stock, $NYCB, is now down another 17% after hours after Moody's downgraded their credit rating to junk. Their stock is down ~31% today and nearly 70% in the first month of 2024. Over $7 billion in market cap has been erased… https://t.co/RyuSxvA62L
NYCB's credit grade is cut to junk by Moody’s less than a week after the lender said it was stockpiling reserves to cover souring loans tied to commercial real estate https://t.co/33I3Dh7P6s
New York Community Bancorp Cut To 'Junk' By Moody's: 33% Of Deposits Uninsured https://t.co/vL1s8Nx5mH
$NYCB has been cut to JUNK by Moody's $MCO and may be cut further
*NEW YORK COMMUNITY BANCORP CUT TO JUNK BY MOODY'S*** @markets
Moody's has downgraded New York Community Bancorp, $NYCB, to junk, per Bloomberg.
JUST IN: Moody’s has downgraded New York Community Bank’s, $NYCB, credit rating to junk. Just 11 months ago, New York Community Bank acquired the collapsed Signature Bank. Their acquisition of Signature Bank has pressured the bank as they attempt to meet new regulatory… https://t.co/WyQfBTon4y
Moody's Downgrades New York Community Bancorp's Long-Term Issuer Rating To Ba2; Most Ratings Remain On Review For Further Downgrade https://t.co/J2vzEPHpZv
*NEW YORK COMMUNITY BANK CUT TO JUNK BY MOODY'S $NYCB https://t.co/fYZ4pFBNVt
🔴 MOODY'S DOWNGRADES NEW YORK COMMUNITY BANCORP TO JUNK
*NEW YORK COMMUNITY BANCORP CUT TO JUNK BY MOODY'S
Another bank going down… $nycb https://t.co/T7R8gx1gra
New York Community Bank Has Lost More Than Half of Its Value in Just 5 Trading Days 😳 https://t.co/avBiKF2P56
NY Community Bank $NYCB has closed at its lowest level since 1997 after absorbing 2 recent acquisitions, including Signature Bank's better assets (FDIC facilitated) -Bank has erased $4 billion of equity value over the last week -Bank has $116 billion of total assets -Earnings… https://t.co/Zd1ZKICG3e
New York Community Bancorp shares sank 22%, closing at the lowest level since 1997 https://t.co/Xy8WmQqbIL https://t.co/3Dj9TrFWmY
*NEW YORK COMMUNITY BANCORP SINKS 22% TO HIT LOWEST SINCE 1997
NEW: New York Community Bancorp shares continued to drop after the regional bank posted ugly fourth-quarter results last week
New York Community Bancorp shares continued to drop after the regional bank posted ugly fourth-quarter results last week https://t.co/82kuPxMYeL https://t.co/82kuPxMYeL
New York Community Bancorp is sued by shareholders as stock tumbles https://t.co/QvtIwchJ12 https://t.co/u21TLkFOEs
NEW YORK COMMUNITY BANK SHARES ARE NOW DOWN OVER 60% IN THE LAST 1 WEEK THE BANK POSTED A SURPRISE LOSS FOR THE FOURTH QUARTER AND ALSO CUT ITS DIVIDEND THIS IS THE SAME BANK WHICH BOUGHT SIGNATURE BANK LAST YEAR AFTER IT COLLAPSED $NYCB https://t.co/wQYp0eWhsQ
BREAKING: New York Community Bank stock, $NYCB, the bank that acquired the collapsed Signature Bank, crashes another 25% today. The stock is now down a massive 61% in 2024 to its lowest level since June 2000. Currently, roughly 40% of NYCB's assets are not under FDIC insurance.… https://t.co/HySca0fX3f
⚠️BREAKING: *NEW YORK COMMUNITY BANCORP SHARES PLUNGE 25%, NOW DOWN 60% THIS YEAR AMID REGIONAL BANK FEARS $NYCB https://t.co/vka4IOf6vr
Wall Street worries banks aren't worried enough about commercial real estate as NYCB turmoil mounts https://t.co/a37vPiP6fy by @DsHollers
$NYCB uh oh
⚠️ NEW YORK COMMUNITY BANCORP IS SUED OVER DISCLOSURES, STOCK PRICE (Reuters) New York Community Bancorp was sued on Tuesday by shareholders in a proposed class action for allegedly concealing deterioration in its loan portfolio, which resulted in a surprise quarterly loss that… https://t.co/9MmoAWgGQ9
New York Community Bancorp stock value set to halve as slump extends https://t.co/U7Iyj50qek
⚠️ NEW YORK COMMUNITY BANCORP STOCK VALUE SET TO HALVE AS SLUMP EXTENDS (Reuters) Shares of New York Community Bancorp plummeted another 11% on Tuesday, stretching a sell-off since the lender reported a surprise quarterly loss last week that puts the stock on track to shed more… https://t.co/ViYOdmMiU7
$NYCB plunging https://t.co/uBiLuckgTJ
New York Community Bank Was an ‘Outlier.’ Bank Stocks to Buy on the Dip. https://t.co/iY7sOcYLHQ
New York Community Bancorp shares resume decline after Fitch, Citi downgrades https://t.co/pmpesCJ7s3 https://t.co/1yO70G7Tbv
⚠️ SHORT SELLERS TARGETING REGIONAL BANK STOCKS UP $1 BILLION -ORTEX (Reuters) Short sellers targeting shares of a group of U.S. regional banks, including New York Community Bancorp, were up about $1.04 billion in paper profits over the last two sessions, according to data and… https://t.co/HtCka0aU9f
🚨The commercial real estate crisis may be triggering a regional banking panic On Weds, New York Community Bancorp lost -38% over CRE stress, sending the KBW Regional Banking Index down -6% It was KBW’s largest one-day loss since $NYCB meltdown last March. We'll have to see if… https://t.co/Jr6iCvSJzH
⚠️ US REGIONAL BANK STOCKS BRACE FOR FINAL TRADING SESSION OF PAINFUL WEEK (Reuters) U.S. regional banking stocks could come under pressure on Friday following a brutal sell-off sparked by New York Community Bancorp's earnings that renewed investor focus on the lenders'… https://t.co/XKlh9XVioS