Previous Close | 0.0500 |
Open | 0.0500 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 5.00 |
Expire Date | 2024-07-19 |
Day's Range | 0.0500 - 0.0500 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
New York Community's (NYCB) efforts to diversify its loan portfolio and loan portfolio repricing will aid it amid CRE loan woes and escalating expenses.
Fitch Ratings downgrade New York Community's (NYCB) IDRs. This is primarily due to the bank's weak earnings and profitability.
The evaluation based on adjusted tangible book value (TBV) showed that as of April 30, the troubled lender was trading at 30% of the metric that indicates the per-share value of its equity after excluding its intangible assets. The lender, which had $112.90 billion in total assets as of March 31, said it aims to close the valuation gap over time.