WAL - Regional Bank Stocks Are Taking A Beating Thursday: What's Going On? | Benzinga
Several regional bank stocks are moving lower Thursday after New York Community Bancorp Inc (NASDAQ:NYCB) reported weak financial results and reduced its quarterly dividend, raising concerns about the current state of the banking sector.
What To Know: New York Community Bancorp missed analyst estimates on both the top and bottom line when it reported fourth-quarter results on Wednesday.
The bank holding company said it’s still adjusting to the demands of being a large bank after it was selected by the FDIC to purchase certain assets and liabilities of Signature Bank following its collapse. Signature Bank was one ...