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NYCB - A Hard Look At New York Community Bancorp After A 60% Drop
New York Community Bancorp Inc.
2024-02-11 09:42:42 ET
Summary
Why the stock dropped 60% and what the continuing issues are.
What management has done to shore up confidence.
Whether the stock is investible at the current level.
New York Community Bancorp ( NYCB ) stock dropped 60% from its earnings announcement on January 31, 2024 to February 8, 2024, then recovered 17% on February 9 th . However, it is still down 53%. This article will go over;