New York Community Bank (NYCB, Financial) saw a notable stock price increase of 5.04%, trading at $12.44 with a volume of 4.17 million shares. This represents a turnover rate of 1.00% and a price fluctuation of 4.49%.
Recent financial statements reveal NYCB's operating revenue at $1.668 billion, with a net loss of $323 million. The earnings per share stood at -$1.14, and the price-to-earnings ratio was -0.95. Despite these mixed results, of the 16 institutions rating the stock, 19% recommended buying while 81% advised holding, with no sell recommendations.
In the broader banking sector, which saw a 0.57% rise, other related stocks like Broadway Financial, First Community, and Loandepot, Inc. registered significant gains. Meanwhile, Pineapple Financial Inc., First Horizon National Bank, and Citizens Financial were active with varying turnover rates. Notably, Broadway Financial, Pineapple Financial Inc., and Pinpoint Financial exhibited substantial price fluctuations.
New York Community Bank operates as a bank holding company licensed in New York, with eight regional branches across New York, New Jersey, Ohio, Florida, and Arizona. It offers a comprehensive range of banking products and services through various channels, including online, mobile, and telephone banking. Additionally, it is a key player in multi-family lending in New York City.
