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NYCB Rout Deepens as Analyst Downgrades Pile Up After Earnings Shocker

NYCB Rout Deepens as Analyst Downgrades Pile Up After Earnings Shocker
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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New York Community Bancorp Slumps on Surprise Loss, Dividend Cut

New York Community Bancorp Slumps on Surprise Loss, Dividend Cut
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New yorkUnited statesThomas cangemiBloomberg new york community bancorpYork community bancorpSignature bankExecutive officer thomas cangemiNew york community bancorp

NY Community Bancorp Plunges on Surprise Loss, Dividend Cut

(Bloomberg) New York Community Bancorp plunged a record 46% after reporting a surprise loss tied to deteriorating credit quality and a cut to its dividend.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyByron Allen’s Latest Takeover Attempt: Paramount for $14 BillionBig Tech Gets Crushed, Bonds Gain in Run-Up to Fed: Markets WrapNovo Nordisk Smashes Past $500 Billion Value

New yorkUnited statesSteve mossEdward harrisonJon arfstromBre bradhamThomas cangemiRaymond jamesBloomberg businessweekSignature bankBloomberg new york community bancorpDeposit insurance corpYork community bancorpRegions financial corpFederal reserveYork community bank