Why New York Community Bancorp Stock Is Surging Higher Today
New York munity Bancorp(NYCB) The Motley Fool·2024-05-01 23:43
Management sees a clear path back to profitability.Troubled New York Community Bancorp (NYCB 30.75%) lost more than analysts expected in the first quarter, but after its earnings report Wednesday morning, investors were more focused on management's upbeat commentary about what is to come. As of 11 a.m. ET, shares of the regional lender had leaped 34% higher.The path is clearingNew York Community has been making headlines for all the wrong reasons this year. The bank's shares plunged following a late-January ...