Previous Close | 3.1000 |
Open | N/A |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 6.00 |
Expire Date | 2024-05-10 |
Day's Range | 3.1000 - 3.1000 |
Contract Range | N/A |
Volume | |
Open Interest | 1 |
Greenlight Capital, an investment management firm, released its first quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the Greenlight Capital funds returned 4.9% net of fees and expenses, compared to 10.6% for the S&P 500 index. The year’s first quarter saw a bullish market, with investors […]
Fitch Ratings on Tuesday downgraded embattled regional lender New York Community Bancorp and its bank subsidiary, Flagstar Bank, to 'BB' from 'BB+'. The ratings agency said the downgrade reflects its assessment that NYCB has a weaker earnings and profitability profile coupled with the execution risk associated with its restructuring plan. Last week, NYCB reported a first-quarter loss of $327 million, or 45 cents per share, as the lender set aside higher provision for credit losses due to its exposure to the beleaguered commercial real estate sector.
The ratings agency said the downgrade reflects its assessment that NYCB has a weaker earnings and profitability profile coupled with the execution risk associated with its restructuring plan. Last week, NYCB reported a first-quarter loss of $327 million, or 45 cents per share, as the lender set aside higher provision for credit losses due to its exposure to the beleaguered commercial real estate sector. The lender had said it expected annual loss to be between 50 cents and 55 cents in 2024, indicating there will be little relief in the near-term as it anticipates an elevated level of loan loss provision over the remainder of the year.