New York Community Bancorp, Inc. (NYCB)
Pre-Market:
| Previous Close | 3.1800 |
| Open | 3.1500 |
| Bid | 3.0200 x 40000 |
| Ask | 3.0800 x 3100 |
| Day's Range | 2.9900 - 3.1700 |
| 52 Week Range | 1.7000 - 14.2200 |
| Volume | |
| Avg. Volume | 42,164,087 |
| Market Cap | 2.442B |
| Beta (5Y Monthly) | 0.91 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.1600 |
| Earnings Date | Apr 26, 2024 - Apr 30, 2024 |
| Forward Dividend & Yield | 0.20 (6.54%) |
| Ex-Dividend Date | Feb 13, 2024 |
| 1y Target Est | 4.37 |
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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.
