NYCB - New York Community Bancorp Analysts Cut Their Forecasts After Q4 Earnings | Benzinga
New York Community Bancorp (NYSE: NYCB) reported worse-than-expected fourth-quarter financial results and reduced its quarterly dividend.
New York Community Bancorp reported fourth-quarter revenue of $740 million, which missed the consensus estimate of $811.07 million, according to Benzinga Pro. The bank holding company also reported an adjusted loss of 27 cents per share, which missed estimates for positive earnings of 28 cents per share.
New York Community Bancorp said it recorded a $552 million provision for loan losses in the fourth quarter and cut its ...