NYCB - What's Going On With New York Community Bancorp Shares Today? | Benzinga
New York Community Bancorp, Inc. (NYSE:NYCB) shares are trading higher in the premarket session on Tuesday.
Yesterday, the company closed its much-awaited transaction, resulting in individual investments aggregating to approximately $1.05 billion in the company by Liberty Strategic Capital, funds managed by Hudson Bay Capital Management, Reverence Capital Partners, and other investors.
On March 6, the deal was announced, following which the company lost 6% in its share prices.
Also Read: Turmoil At New York Community Bancorp: Shares Tumble Over 20%, Regional Bank Investors Pull Back
“The completion of this major equity raise demonstrates the confidence these strategic investors have expressed in the turnaround currently underway at the company and allows us ...