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;
- Why it dropped.
- What the issues are.
- What management is doing to restore confidence.
- What the likelihood of failure is.
- Whether it is worth investing in.
Read the full article on Seeking Alpha
For further details see:
A Hard Look At New York Community Bancorp After A 60% Drop