NYCB shares jump 30% after CEO gives two-year plan for 'clear path to profitability' [MSNBC.com]
New York Community Bancorp, Inc. (NYCB)
Last new york community bancorp, inc. earnings: 4/29 07:00 am
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Source: MSNBC.com
New York Community Bankposted "Since taking on the CEO role, my focus has been on transforming New York Community Bank into a high-performing, well-diversified regional bank," CEOJoseph OttingreleaseThe bank will have higher profitability and capital levels by the end of 2026, Otting said. That includes a return on average earning assets of 1% and a targeted common equity tier 1 capital level of 11% to 12%.Shares of the bank jumped 33% in early trading.Otting took over at the beleaguered regional bank at the start of April after aninvestor groupSteven Mnuchin has "identified an opportunity" to sell $5 billion in assets to boost the company's liquidity levels, Otting told analysts during a conference call. That transaction could close within 60 to 70 days and may be announced soon, he added.The bank had a $315 million provision for credit losses in the quarter, compared with $170 million in the year-earlier period, and said it expected an elevated rate of provisioning for the rest of 2
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NYCB
News
- New York Community Bancorp stock slides after $5B mortgage sale agreement [Seeking Alpha]Seeking Alpha
- NEW YORK COMMUNITY BANCORP, INC. AGREES TO SELL APPROXIMATELY $5 BILLION IN WAREHOUSE LOANS TO JPMORGAN CHASE BANK, N.A. [Yahoo! Finance]Yahoo! Finance
- NEW YORK COMMUNITY BANCORP, INC. AGREES TO SELL APPROXIMATELY $5 BILLION IN WAREHOUSE LOANS TO JPMORGAN CHASE BANK, N.A.PR Newswire
- Riverwater Micro Opportunities Strategy Q1 2024 Commentary [Seeking Alpha]Seeking Alpha
- Private equity is helping banks shed some of their risks [Yahoo! Finance Canada]Yahoo! Finance Canada
NYCB
Earnings
- 5/1/24 - Miss
NYCB
Sec Filings
- 5/14/24 - Form 144
- 5/14/24 - Form 144
- 5/14/24 - Form 144
- NYCB's page on the SEC website