New York Community Bancorp (NYCB) PT Lowered to $4 at Morgan Stanley, 'unclear how much deposit runoff has occurred'

New York Community Bancorp (NYCB) PT Lowered to $3.50 at Citi, 'Prefer L/T Outlook to N/T'

Citi analyst Keith Horowitz lowered the price target on New York Community Bancorp (NYSE: NYCB) to $3.50 (from $5.00) while maintaining a Neutral rating.

The analyst comments "We view the $1.05 bil investment and appointment of CEO Joseph Otting as incrementally positive, but without... More

BofA Securities on New York Community Bancorp (NYCB): 'Actions provide breathing room'

BofA Securities analyst Ebrahim Poonawala reiterated a Neutral rating and $5.00 price target on New York Community Bancorp (NYSE: NYCB).

The analyst comments "We believe that the capital injection combined with the credibility of the investor base in the financial services and real estate (important given NYCBs... More

Will equities repeat last year's playbook amid New York Community Bank (NYCB) turmoil?

March of 2023 was marked by a deep crisis for the regional banking sector, and now, almost exactly one year later, history is repeating itself with a new turmoil unfolding once more.

Notably, shares of New York Community Bank (NYSE: NYCB) experienced a dramatic drop of over 40% early on Wednesday following a report by The Wall Street Journal saying the embattled lender was seeking a major cash... More

Raymond James on New York Community Bancorp (NYCB): 'Capital Raise Stabilizes Balance Sheet as a Long Work Out Begins'

Raymond James analyst Steve Moss reiterated a Market Perform rating and {REMOVEPT} price target on New York Community Bancorp (NYSE: NYCB)

The analyst comments "NYCBs capital raise is a positive step that buys the bank a considerable amount of time to work out a number of credit issues that we believe are NYCB specific. In particular, the bank has a surprisingly large interest-only multi-family... More

JPMorgan on New York Community Bancorp (NYCB): 'more questions than answers remaining at this juncture'

JPMorgan analyst Steven Alexopoulos reiterated a Neutral rating and {REMOVEPT} price target on New York Community Bancorp (NYSE: NYCB)

The analyst comments "On Wednesday, New York Community announced that it is raising $1.05B in equity combined from institutional investors including former U.S. Treasury Secretary Steve Mnuchins Liberty Strategic Capital ($450mm), Hudson Bay ($250mm), and Reverence Capital ($200mm), among others. As part of the combined $1.05B equity raise, New York Community will issue and sell the shares of common stock at $2.00/share and a series of convertible preferred stock with a conversion price of... More

Deutsche Bank on New York Community Bancorp (NYCB): 'Turnaround Continues'

Deutsche Bank analyst Bernard Von Gizycki reiterated a Hold rating and $5.00 price target on New York Community Bancorp (NYSE: NYCB)

The analyst comments "There has been a considerable amount of pressure on NYCB shares which have declined 65-70% since posting 4Q earnings on 1/31. This was due to a surprise loss... More

Piper Sandler on New York Community Bancorp (NYCB): 'capital raise will alleviate investor and depositor concerns'

Piper Sandler analyst Mark Fitzgibbon reiterated a Neutral rating and $5.00 price target on New York Community Bancorp (NYSE: NYCB)

The analyst comments "We believe the capital raise will alleviate investor and depositor concerns. The group leading the capital raise included: Liberty Strategic Capital ($450 million),... More

Jefferies Comments on New York Community Bancorp (NYCB)

Jefferies analyst Casey Haire reiterated a Hold rating and $7.00 price target on New York Community Bancorp (NYSE: NYCB)

The analyst comments "NYCB announced ~$1B PIPE deal involving four blue chip institutional investors, installed former OCC vet/OneWest CEO Joseph Otting as CEO, and reshuffled the Board. Deal terms are vague, but if we assume all $1B fully converts to common, we derive $6.73 tangible BV (34% dilution) and a ~100bp boost to CET1 ratio to 10.2%. No update on deposits/credit quality, but "smart money" capital raise plus changes to C-suite/Board should take bear... More

NYCB raises over $1B from investors to shore up balance sheet

Investing.com -- New York Community Bancorp said Wednesday raised more than $1 billion from a consortium of investors, led by former Treasury Secretary Steven Mnuchin's Liberty Strategic Capital in a deal that includes leadership changes with the appointment of a new chief executive officer.    

New York Community Bancorp Inc (NYSE:... More

Embattled lender NYCB says it has raised more than $1 billion in equity

(Reuters) - New York Community Bancorp said on Wednesday it has raised more than $1 billion in equity.

Liberty Strategic Capital, Hudson Bay Capital, Reverence Capital Partners, Citadel Securities and other investors, including members of the company's management made the investment.

(Reporting by Manya Saini in Bengaluru; Editing by Shounak Dasgupta)

New York Community Bancorp (NYCB) Appoints Joseph Otting as CEO

New York Community Bancorp, Inc. (NYSE: NYCB):

In addition, Mr. Otting will become Chief Executive Officer and Mr. DiNello will be named as Non-Executive Chairman, providing his strong banking knowledge in support of Mr. Otting and the

NYCB (NYCB) Announces Over $1 Billion Equity Investment Anchored By Steven Mnuchin's Liberty Strategic Capital, Hudson Bay And Reverence Capital

(Updated - March 6, 2024 2:13 PM EST)

New York Community Bancorp, Inc. (NYSE: NYCB) ("NYCB" or the "Company") today announced that Liberty Strategic Capital ("Liberty"), Hudson Bay Capital ("Hudson Bay"), Reverence Capital Partners ("Reverence Capital"), Citadel Securities ("Citadel"), other institutional investors and certain members of the Company's management (collectively, the "Investors") will make a combined over $1 billion investment in the Company, subject to finalization of definitive documentation and... More

Regional Banking ETF (KRE) Erases Decline, Up 0.2% Following Report New York Community Bancorp (NYSE: NYCB) Raises Over $1B in Equity

Regional Banking ETF (NYSE: KRE) Erases Decline, Up 0.2% Following Report New York Community Bancorp (NYSE: NYCB) Raises Over $1B in Equity

NYCB (NYCB) Raises More Than $1 Bln In Equity Led By Mnuchin's Firm - Bloomberg

(Updated - March 6, 2024 2:06 PM EST)

NYCB Raises More Than $1 Bln In Equity Led By Mnuchin's Firm - Bloomberg

New York Community Bancorp (NYCB) Halted, News Pending

New York Community Bancorp (NYSE: NYCB) Halted, News Pending

New York Community Bancorp (NYCB) Halted Again on Volatility, Now Down 41%

New York Community Bancorp (NYSE: NYCB) Halted Again on Volatility, Now Down 41%

Valley National (VLY) Trades Lower in Sympathy with New York Community Bancorp (NYCB)

Valley National (NASDAQ: VLY) Trades Lower in Sympathy with New York Community Bancorp (NYSE: NYCB)

Embattled lender NYCB secures $1 billion investment from cohort including Mnuchin's firm

By Niket Nishant, Manya Saini and Anirban Sen

(Reuters) - New York Community Bancorp said on Wednesday it had raised $1 billion from investors including former U.S. Treasury Secretary Steven Mnuchin's Liberty Strategic Capital and named a former Comptroller of the Currency its new CEO.

Investment firms Hudson Bay Capital, Reverence Capital Partners, Citadel Global Equities, other institutional investors and certain members of the bank's management also participated in the equity investment, according to NYCB.

The bank's stock had a rollercoaster session, falling 45% prior to the announcement, bouncing 30% higher after finally closed 7.4% higher. KBW's analyst... More

Regional Banking ETF (KRE) Hits Low Following Report of Possible New York Community Bancorp (NYCB) Equity Sale

Regional Banking ETF (NYSE: KRE) Hits Low Following Report of Possible New York Community Bancorp (NYSE: NYCB) Equity Sale

New York Community Bancorp (NYCB) Contacted Investment Firms on Possible Equity Sale - WSJ

New York Community Bancorp (NYCB) Contacted Investment Firms on Possible Equity Sale - WSJ

NYCB (NYCB) Halted on Circuit Breaker, Down 10% Following WSJ Report of Possible Equity Sale

NYCB (NYSE: NYCB) Halted on Circuit Breaker, Down 10% Following WSJ Report of Possible Equity Sale

New York Community Bancorp (NYCB) Seeks Cash Infusion - WSJ

(Updated - March 6, 2024 11:57 AM EST)

New York Community Bancorp (NYSE: NYCB) is seeking to raise capital in a bid to shore up confidence, according to a report from the Wall Street Journal, citing people familiar with the matter.... More

Midday movers: CrowdStrike, JD rise; Foot Locker, NYCB fall

(Updated - March 6, 2024 12:21 PM EST)

Investing.com -- Main U.S. indexes rose Wednesday, rebounding after the previous sessions sharp losses, ahead of the start of Fed chief Jerome Powells two-day testimony before Congress.

Here are some of the biggest U.S. stock movers today:

CrowdStrike (NASDAQ: CRWD) stock soared 12% after the cybersecurity firm delivered strong current-quarter guidance and better-than-anticipated... More