New York Community Bancorp, Inc.

Go to New York Community Bancorp, Inc. Website

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$3.9 billion USD

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New York Community Bancorp Inc is the bank holding company. It is a New York State-chartered savings bank that operates through eight local divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Ba...


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The article discusses the author's decision to avoid investing in New York Community Bancorp due to the bank's deep-rooted troubles, including the need for a $1 billion lifeline and a multi-year turnaround plan. The author prefers to invest in well-run companies with a history of dividend increases.

Related tickers: NYCB, NYCBpA, NYCBpU, BNS, TD, PG.

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New York Community Bank (NYCB) has faced significant challenges in the first half of 2023, including a 68.6% drop in its stock price, a dividend cut, and concerns over its exposure to commercial real estate loans. The bank's recent acquisitions and the broader commercial real estate market downturn have weighed heavily on its performance.

Related tickers: NYCB, NYCBpA, NYCBpU.

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