OH NO.... another bank is on the verge of shut down

[hmgROCK]

New York Community bail out signature bank last spring, when they have those bank meltdown...
...along with SVB and etc...

and it, itself is going need a FED BAIL OUT soon

 




https://www.marketwatch.com/story/new-york-community-bancorp-stock-slides-as-it-cuts-dividend-posts-surprise-loss-785f285f

New York Community Bancorp Inc.’s stock lost more than a third of its value Wednesday after it posted a surprise loss, built up its reserves and signaled trouble in the office-space sector with one of two troubled loans.

The bank also said it would cut its dividend by more than two-thirds to build up capital to meet regulatory requirements as a larger Category IV bank with assets of $100 billion to $250 billion.

The Hicksville, N.Y.-based bank missed Wall Street’s revenue and net-interest-income estimates and reported an increase in net charge-offs, which is money it doesn’t expect to be paid back.

New York Community Bancorp’s stock NYCB, -36.40% fell 35%. The stock was paused during the session but later resumed trading.

If the losses hold until the close, it will be the largest one-day percentage drop in the stock’s history, surpassing its 13.8% drop on Sept. 22, 2008, during the global financial crisis.

[hmgROCK]

you look at their market cap
it's only $4+ billion
that's not a lot of money...

probably just a NOTHING BURGER
fed will just eat up the loss

and another biggier bank will come and buyout

 



Open   
5.96
High   
7.18
Low   
5.58
Mkt cap   
4.77B
P/E ratio   
1.65
Div yield   
10.28%
52-wk high   
14.22
52-wk low   
5.58

[theking]

WELPS so much for "news threads", ...."NO BODY CARES"...

But then again, that's how a HYPOCRITE compulsive serial LIAR operates..

"SEEING IS TRULY BELIEVING YO"

 

[hmgROCK]

no biggie
just write it off
$4+ billion is not alot of money

 

[theking]

$4+ billion is not alot of money

VS.

yeah man

$5k is a lot of money...
that's at least two good angus cow

                                    ***SCRATCH HEAD***

[hmgROCK]

fed reserve come bailout
like usually

and than look for buyer

 

well see if other bank dominos will fall too

[hmgROCK]

she is crashing hard $5+

the fed waiting for the weekend to take over

 

[hmgROCK]

go withdraw your money
you will have $250k FDIC insurance

but you don’t want to deal with money hold up
can’t pay bills