Is New York Community Bancorp Stock a Buy?
The Bancorp(TBBK) fool.com·2024-05-20 20:58
The bank has overhauled its executive leadership team and taken steps to shore up its balance sheet.New York Community Bancorp (NYCB 0.55%) has faced turbulence this year as it deals with the fallout from taking significant charge-offs on its loan portfolio, which led to a surprising fourth-quarter loss. Since then, its CEO has stepped down as the bank overhauled its executive team and bolstered its financial position by raising equity capital and selling off large chunks of its loan portfolio.New York Comm ...