New York Community (NYSE:NYCB) Stock, Quote.Headers.trade-ideas

New York Community

New York Community Bancorp Inc is the bank holding company. It is a New York State-chartered savings bank that operates through eight local divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio, and AmTrust Bank in Florida and Arizona. The bank competes for depositors in diverse markets with a comprehensive menu of products and services, and access to multiple service channels, including online banking, mobile banking, and banking by phone. It is also a producer of multi-family loans in New York City.

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The merger and acquisitions (M&amp;A) activity among the U.S. regional banks is showing signs of a rebound this year following subdued 2023. More regional banks are resorting to M&amp;As to strengthen their balance sheets amid enhanced competitiveness for low-cost deposits. 

Regional Banks Ramp Up M&amp;A Deals to Strengthen Balance Sheet

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Loar Holdings Posts Upbeat Results, Joins Nvidia, Clean Energy Fuels, Penumbra And Other Big Stocks Moving Higher On Tuesday

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New York Community Bancorp reported a larger-than-expected loss for Q2. Analysts believe the company&#39;s credit risk is high.

New York Community Bancorp&#39;s &#39;Credit Story Remains Fluid&#39;: Analysts React To Q2 Results

New York Community Bancorp, Inc. Common Stock

New York Community Bancorp Inc

New York Community Bancorp, Inc. Depositary shares, each representing a 1/40th interest in a share of Fixed-to-Floating Rate Series A Noncumulative Perpetual Preferred Stock

New York Community Bancorp, Inc. New York Community Capital Tr V (BONUSES)

New York Community Capital Trust V

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New York shares are trading higher after Raymond James upgraded the stock from Underperform to Market Perform.

Raymond James analyst Steve Moss upgrades New York Community (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) from Underperform to Market Perform.

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Raymond James Upgrades New York Community to Market Perform

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Shares of banking companies are trading higher amid overall market strength following Fed Chair Powell's comments about the economy and future rate cuts.

U.S. stocks were higher, with the Dow Jones index gaining around 200 points on Tuesday.
Shares of Loar Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOAR#NYSE">LOAR</a>) rose sharply during Tuesday's session after the company reported better-than-expected second-quarter <a href="https://www.benzinga.com/quote/LOAR/earnings">GAAP EPS and sales.</a>
Loar Holdings reported quarterly earnings of 9 cents per share which beat the analyst consensus estimate of 6 cents per share. The company reported quarterly sales of $97.015 million which beat the analyst consensus estimate of $91.700 million.
Loar Holdings shares jumped 18.2% to $73.63 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>iLearningEngines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) shares jumped 29% to $3.94 after the company reported better-than-expected second-quarter sales results.</li>
<li>Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) surged 21.4% to $93.50 after the company announced that Chipotle CEO and Chairman Brian Niccol has been named as Starbucks&#8217; new Chairman and Chief Executive Officer, effective Sept. 9.</li>
<li>PACS Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACS#NYSE">PACS</a>) gained 17% to $37.84 following a second-quarter revenue beat.</li>
<li>Pulse Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLSE#NASDAQ">PLSE</a>) jumped 16.8% to $18.29. Pulse Biosciences appointed Paul LaViolette to its board of directors and reported preliminary second quarter 2024 financial results.</li>
<li>Hesai Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) surged 16.3% to $4.14.</li>
<li>Darling Ingredients Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAR#NYSE">DAR</a>) gained 15.3% to $40.70.</li>
<li>Clean Energy Fuels Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLNE#NASDAQ">CLNE</a>) rose 14.6% to $3.2312 after the company reported better-than-expected quarterly adjusted EPS results.</li>
<li>ARS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRY#NASDAQ">SPRY</a>) gained 14.2% to $12.39 after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $18 to $22.</li>
<li>Clarivate Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLVT#NYSE">CLVT</a>) gained 12% to $6.16.</li>
<li>Sea Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) climbed 11.2% to $74.42 following mixed quarterly earnings.</li>
<li>Penumbra, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEN#NYSE">PEN</a>) gained 10.5% to $186.64 after the company announced a $200 million share repurchase authorization..</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) gained 10.4% to $37.76.</li>
<li>Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) rose 9.4% to $32.93.</li>
<li>Wayfair Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) gained 8.7% to $41.55.</li>
<li>New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) rose 8.5% to $10.20.</li>
<li>Elanco Animal Health Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELAN#NYSE">ELAN</a>) gained 8.3% to $14.18.</li>
<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) rose 7.7% to $16.38. Unity Software, last week, reported better-than-expected quarterly financial results.</li>
<li>Ascendis Pharma A/S (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASND#NASDAQ">ASND</a>) jumped 6.6% to $136.90. Goldman Sachs analyst Paul Choi maintained Ascendis Pharma with a Buy and raised the price target from $170 to $195.</li>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) gained 6.4% to $142.11.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) rose 5.6% to $100.66 after Barclays upgraded the stock from Underweight to Equal-Weight.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gained 5.3% to $114.75. Shares of semiconductor stocks traded higher amid overall market strength following softer-than-expected PPI figures.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) gained 5.1% to $568.59.</li>
</ul>
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Barclays analyst Jared Shaw maintains New York Community (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) with a Equal-Weight and raises the price target from $4 to $10.

Barclays Maintains Equal-Weight on New York Community, Raises Price Target to $10

Shares of New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) were climbing on Friday, after the company reported its second-quarter results. The company had agreed in May to sell around <a href="https://www.benzinga.com/markets/equities/24/05/38837953/why-is-new-york-community-bancorp-stock-higher-premarket-wednesday">$5 billion in mortgage warehouse loans to</a> JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>).
The results came amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
JPMorgan On New York Community Bancorp
Analyst Steven Alexopoulos reiterated a Neutral rating, while reducing the price target from $12.50 to $10.50.
New York Community Bancorp reported a larger-than-expected loss for the second quarter, while "fairly meaningfully" lowering its baseline forecasts for 2024-2026 PTPP (pre-tax pre-provision profit), a quarter after the new management laid out strategic targets, Alexopoulos said in a note.
"With the baseline forecasts for 2024-2026 provision having also increased versus the prior quarter, the second quarter results largely reaffirmed our prior view that the credit risk profile of the company remains elevated," the analyst wrote. The company is unlikely to reach peer-level of profitability by 2026, he added.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Wedbush On New York Community Bancorp
Analyst David Chiaverini maintained a Neutral rating and price target of $10.50.
New York Community Bancorp reported a weaker-than-expected quarter and lowered its near- and long-term guidance, Chiaverini said. 
"2024 continues to be a bumpy transition year for NYCB, and along with earnings, the company announced that it would be divesting its Flagstar mortgage servicing and third party origination platform in a sale to Mr. Cooper for $1.4 billion," he added.
While deposit growth was positive is the second quarter, most of it was generated on the interest-bearing side, the analyst stated. "The credit story remains fluid with large sequential increases in both net charge-offs and nonperforming loans," he further wrote.
NYCB Price Action: Shares of New York Community Bancorp were up 3.49% to $10.98 at the time of publication on Friday.
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Photo: Shutterstock

New York Community Bancorp's 'Credit Story Remains Fluid': Analysts React To Q2 Results

Wedbush analyst David Chiaverini reiterates New York Community (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) with a Neutral and maintains $10.5 price target.

Wedbush Reiterates Neutral on New York Community, Maintains $10.5 Price Target

New York Community Bancorp shares are trading lower after the company reported worse-than-expected Q2 financial results. Also, the company announced the approval of the sale of its residential mortgage business to Mr. Cooper for $1.4 billion.

New York Community (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) reported quarterly losses of $(1.05) per share which missed the analyst consensus estimate of $(0.42) by 150 percent. This is a 174.47 percent decrease over earnings of $1.41 per share from the same period last year. The company reported quarterly sales of $557.000 million which missed the analyst consensus estimate of $600.962 million by 7.32 percent. This is a 38.11 percent decrease over sales of $900.000 million the same period last year.

Earnings Misses

New York Community Q2 2024 Adj EPS $(1.05) Misses $(0.42) Estimate, Sales $557.000M Miss $600.962M Estimate

Flagstar Bank, N.A. (the &quot;Bank&quot;), the bank subsidiary of New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) (the &quot;Company&quot;) announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.

COOP

New York Community Bancorp Subsidiary Flagstar Bank Agreed To Sell Its Residential Mortgage Servicing Business To Mr. Cooper For $1.4B; Transaction To Close By Q4

New York Community's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) short percent of float has fallen 5.06% since its last report. The company recently reported that it has 95.28 million shares sold short, which is 10.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.58 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>New York Community Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721759410_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for New York Community has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing New York Community's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, New York Community's peer group average for short interest as a percentage of float is 5.52%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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How Is The Market Feeling About New York Community?

The Company expects to close on an additional&nbsp;$200 million&nbsp;of mortgage warehouse loans in the near future, once necessary customer approvals are received.&nbsp; Upon closing, the Company expects that the transaction will add approximately 70 basis points to its CET1 ratio. &nbsp;

Reported Earlier, New York Community Bancorp Strengthens Financial Position With $5.9B Loan Sale to JPMorgan Chase Bank

These eleven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
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<li>Virtu Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) shares jumped 30.04% after reporting <a href="https://www.benzinga.com//node/39842408" target="_blank" rel="noreferrer noopener">better-than-expected Q2 financial results.</a></li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) stock upped 22.38% after the company announced it entered into a Stock and Asset Purchase Agreement to sell its Supreme brand to EssilorLuxottica (OTC: <a href="https://www.benzinga.com//node/39819517" target="_blank" rel="noreferrer noopener">ESLOF) for $1.5 billion in cash</a>. Several analysts raised <a href="https://www.benzinga.com//node/39837581" target="_blank" rel="noreferrer noopener">their price forecasts on VFC</a>.</li>
<li>New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) shares grew 20.19% after the company announced that it achieved First LNG for its initial Fast LNG asset <a href="https://www.benzinga.com//node/39859500" target="_blank" rel="noreferrer noopener">located offshore Altamira, Mexico</a>.</li>
<li>Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) stock gained 16.06% in the last week amid a rise in the Bitcoin price.</li>
<li>Clarivate Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLVT#NYSE">CLVT</a>) stock grew 14.41%. The company partnered with Ohio Libraries Partner to <a href="https://www.benzinga.com//node/39831429" target="_blank" rel="noreferrer noopener">enhance resource sharing by 2025</a>.</li>
<li>AMN Healthcare Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMN#NYSE">AMN</a>) stock rose 14.22%.</li>
<li>BankUnited, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKU#NYSE">BKU</a>) stock rose 13.42% after the company reported <a href="https://www.benzinga.com//node/39834218" target="_blank" rel="noreferrer noopener">better-than-expected Q2 financial results</a>.</li>
<li>Marathon Digital Holdings Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) stock soared 12.67% last week on the back of Bitcoin gains.</li>
<li>eXp World Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>) stock was up 12.34%.</li>
<li>Zeta Global Holdings Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) was up 11.87% in the last week as <a href="https://www.benzinga.com/quote/ZETA/analyst-ratings" target="_blank" rel="noreferrer noopener">several analysts</a> raised their price forecasts on the stock.</li>
<li>NCR Atleos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NATL#NYSE">NATL</a>) shares increased 11.39%. The company disclosed that the $2.3 billion-asset Black Hills Federal Credit Union (BHFCU) has expanded its partnership with Atleos by selecting ATM as a Service (ATMaaS) and ITM as a Service (ITMaaS) <a href="https://www.benzinga.com//node/39813077" target="_blank" rel="noreferrer noopener">to enhance self-service banking</a>.</li>
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Riot Platforms & North Face Parent V.F. Corp Are Among 11 Mid-Cap Stocks That Performed The Best Last Week (July 14-July 20): Are Others In Your Portfolio?

Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintains New York Community (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) with a Market Perform, adjusts target to $11.25 from $3.75 (1-3 Reverse Stock Split)

Keefe, Bruyette & Woods Maintains Market Perform on New York Community, Adjusts Price Target To $11.25 from $3.75 (1-for-3 Reverse Stock Split)

These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
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<li>Rivian Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) stock gained 21.37% in the last week <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39728268/inflation-slows-more-expected-to-3-in-june-heightens-expectations-for-rate-cuts-t" target="_blank" rel="noreferrer noopener">following recent CPI Data</a>. Additionally, the Department of Energy disclosed a $1.7 billion investment to transform 11 auto facilities that are either shut down or at risk into electric vehicle manufacturing plants and supply chain hubs.</li>
<li>Enphase Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMPH#NASDAQ">EMPH</a>) stock upped 21.15% after the company announced residential and commercial products that can help solar projects qualify for the &#8220;Domestic Content Bonus Credit.&#8221;</li>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) stock rocketed 12.53%. Shares of homebuilders, building companies, and housing-related companies gained in the last week as Treasury yields dropped following softer-than-expected June CPI figures.</li>
<li>TopBuild Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLD#NYSE">BLD</a>) shares rose 12.15% as homebuilders, building companies, and housing-related stocks gained in the last week following softer-than-expected June CPI figures.</li>
<li>Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) stock escalated 11.80% on reports of growing interest in its <a href="https://www.benzinga.com//node/39709053" target="_blank" rel="noreferrer noopener">Apollo Go robotaxi service in China</a>.</li>
<li>Corning Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) stock gained 11.54% after it increased its Q2 core sales guidance. Several analysts also raised their <a href="https://www.benzinga.com/quote/GLW/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts</a> for the stock.</li>
<li>Insmed Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) shares gained 11.04% last week as analysts raised <a href="https://www.benzinga.com/quote/insm/analyst-ratings" target="_blank" rel="noreferrer noopener">their price forecasts</a> for the stock.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) stock increased 10.96%. Stocks of homebuilders, building companies and housing-related companies gained as Treasury yields dropped following softer-than-expected June CPI.</li>
<li>Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) shares were up 10.53% in sympathy after Paramount Global agreed to merge with Skydance Media.</li>
<li>VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) shares jumped 9.73%. Bloomberg reported Wednesday that the company is seeking a&nbsp;$250 million&nbsp;bank <a href="https://www.benzinga.com//node/39739997" target="_blank" rel="noreferrer noopener">loan to&nbsp;expand in Indonesia</a>.&nbsp;</li>
<li>Kinross Gold Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) stock gained 8.75% last week after several analysts <a href="https://www.benzinga.com/quote/KGC/analyst-ratings" target="_blank" rel="noreferrer noopener">raised their price forecasts</a>.</li>
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Photo Courtesy of Rivian Automotive

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Sony Group Corporation American Depositary Shares

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COMMON STOCK TO TRADE ON A REVERSE SPLIT-ADJUSTED BASIS&nbsp;AS OF JULY 12TH
HICKSVILLE, N.Y., July 12, 2024 /PRNewswire/ -- New York Community&nbsp;Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) (the "Company") announced today that, as previously disclosed and approved by its shareholders at the Company's annual meeting held on June 5th and as determined by the Company's Board of Directors on June 26th, the one-for-three reverse stock split became effective at 5:01 p.m. ET on July 11, 2024 ("the Effective Time"). The Company's common stock will begin trading on the New York Stock Exchange ("NYSE") on a reverse split-adjusted basis as of the market open today, July 12, 2024. The trading symbol of the common stock,&nbsp;NYCB, remains the same. The new&nbsp;CUSIP number for the common stock is 649445400.&nbsp;

Stock Split

New York Community Bancorp Begins Trading On 1-For-3 Reverse Stock Split-Adjusted Basis Today, July 12, 2024

OVBC

Shares of banking companies are trading higher following recent CPI data.

Citigroup analyst Keith Horowitz maintains New York Community (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) with a Neutral and raises the price target from $3.5 to $4.

Citigroup Maintains Neutral on New York Community, Raises Price Target to $4

The Company&#39;s common stock is expected to begin trading on a split-adjusted basis as of the market open on&nbsp;July 12, 2024.

New York Community Bancorp Reverse Stock Split To Become Effective At 5:01 P.M. ET On July 11, 2024

New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) (the "Company") today announced that as previously approved by its shareholders at its annual meeting held on June 5th, its Board of Directors passed a resolution yesterday approving the one-for-three reverse stock split. We expect the reverse stock split to become effective in mid-to-late July.

New York Community Bancorp Announces 1-For-3 Reverse Stock Split; Expects The Reverse Stock Split To Become Effective In Mid-To-Late July

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AVGO

BIRD

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FCNCA

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FITB

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HBAN

KBWB

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NWBI

QFIN

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RENT

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Press Releases

NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES EFFECTIVE DATE FOR ONE-FOR-THREE REVERSE STOCK SPLIT

NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES EFFECTIVENESS OF ONE-FOR-THREE REVERSE STOCK SPLIT

NEW YORK COMMUNITY BANCORP, INC. TO REPORT SECOND QUARTER 2024 EARNINGS AND HOST CONFERENCE CALL ON JULY 25TH

Contracts

NEW YORK COMMUNITY BANCORP, INC. CLOSES ON THE SALE OF THE MORTGAGE WAREHOUSE LOANS TO JPMORGAN CHASE BANK, N.A.

NEW YORK COMMUNITY BANCORP, INC. FURTHER STRENGTHENS LEADERSHIP TEAM WITH NEW EXECUTIVE MANAGEMENT APPOINTMENTS

FLAGSTAR BANK, N.A. ANNOUNCES SALE OF ITS MORTGAGE SERVICING BUSINESS

NEW YORK COMMUNITY BANCORP, INC. REPORTS SECOND QUARTER 2024 GAAP NET LOSS AVAILABLE TO COMMON STOCKHOLDERS OF $1.14 PER DILUTED SHARE AND NON-GAAP NET LOSS AVAILABLE TO COMMON STOCKHOLDERS OF $1.05 PER DILUTED SHARE

NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES ADDITIONAL INDUCEMENT AWARDS

Dividends

NEW YORK COMMUNITY BANCORP, INC. DECLARES QUARTERLY CASH DIVIDENDS ON ITS COMMON STOCK AND PREFERRED STOCKS

FLAGSTAR BANK EXPANDS COMMERCIAL AND PRIVATE BANKING LEADERSHIP TEAM WITH KEY EXECUTIVE APPOINTMENTS

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