BREAKING: New York Community Bank stock, $NYCB, the bank that acquired the collapsed Signature Bank, falls 40% after earnings.
— The Kobeissi Letter (@KobeissiLetter) January 31, 2024
The bank announced that they will be cutting their dividend by 70% to meet regulatory requirements.
They also reported a 4th quarter LOSS of $260… pic.twitter.com/18QmW6PHB6