6:59 PM · 6 March 2024

NYCB plunges 40% following Wall Street Journal report

New York
Stocks
NYCB.US, New York Community Bancorp Inc
-
-

Shares of New York Community Bancorp (NYCB.US) plunge over 40% today. Stock has been trading lower since the start of today's trading but declines accelerated following release of Wall Street Journal report. WSJ reported that troubled lender is exploring a possible equity sale. NYCB has been in freefall since the end of January, when bank reported unexpected Q4 loss and spike in provisions for credit losses amid it's significant exposure to the commercial real estate sector. Stock plunged over 80% since. Today's report from WSJ suggests that situation at the bank is really bad - equity sale is a much more expensive way of attracting funding than debt issuance, and the fact that NYCB is considering it may mean that it struggles to raise funds via debt markets. Sell-off in NYCB shares is putting pressure on other regional banks as well but, so far, did not manage to derail sentiment on the broader market.

Source: xStation5

10 October 2025, 5:51 PM

Applied Digital accelerates growth. Shares rise by nearly 20%.

10 October 2025, 9:52 AM

DAX: DE40 tries to hold the momentum 📈Brenntag and ArcelorMittal under pressure

9 October 2025, 4:13 PM

Delta Airlines stock lifts off after earnings✈️

9 October 2025, 3:34 PM

Stock of the Week - Super Micro Computer (09.10.2025)

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits