Previous Close | 0.5400 |
Open | 0.3000 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 4.00 |
Expire Date | 2025-01-17 |
Day's Range | 0.3000 - 0.6000 |
Contract Range | N/A |
Volume | |
Open Interest | N/A |
Shares of New York Community Bancorp (NYCB) are surging after CEO Joseph Otting claimed that the company has a "clear path to profitability over the following two years." In addition, the bank has reportedly put money aside to ease the burden of loan losses. Catalysts Anchors Seana Smith and Madison Mills break down the regional bank's reported first-quarter losses. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino and updated by Melanie Riehl
Troubled regional lender New York Community Bancorp lost $327 million in the first quarter, but its stock soared as the CEO promised a 'clear path to profitability over the following two years.'
Explore NYCB's comprehensive strategy and financial outlook as it navigates through restructuring and market challenges in the first quarter of 2024.