Wall Street is worried about NYCB's loan losses and deposit levels as stock sinks below $4
Publishing timestamp: 2024-03-01 12:53:04
Summary
NYCB is facing a worsening predicament with plunging shares, restated earnings, and concerns about commercial real estate. The bank's trajectory shifted suddenly after a disastrous fourth-quarter report, leading to credit rating downgrades and questions about stability of deposits. There are doubts about whether NYCB will be forced to sell itself to a more stable partner.
Sentiment: NEGATIVE
Tickers: NYCB,
Keywords: breaking news: investing, business, new york community bancorp inc, investment strategy, banks, breaking news: markets, financials, business news,
Source: https://www.cnbc.com/2024/03/01/wall-street-worries-about-nycbs-loan-losses-and-deposit-levels.html