Why New York Community Bancorp Stock Dove by 8% Today
TBBKThe Bancorp(TBBK) The Motley Fool·2024-10-26 05:25

Technically, the company posted its final-earnings report under its current name. On Friday, it was New York Community Bancorp's (NYCB -8.26%) turn to present its third-quarter financial results. This was met with a fairly sharp and negative reaction from the market, which wasted little time in selling off the stock to the point where it closed more than 8% lower. That was notably worse than the essentially flat performance of the bellwether S&P 500 index on the day. Deep in the red For the quarter, New Yor ...