The financial institution’s inventory has nose-dived as it unveiled an unpleasant earnings report last 7 days that involved unforeseen losses on real-estate loans tied to each Business office and condominium properties. Its shares have lost about two-thirds of their value over the past week, after a series of relentless declines.
There’s very little indicator that New York Community Bancorp is around that precipice. The lender’s executives stated previous 7 days that deposits experienced fallen only two percent within the fourth quarter.
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