regional banks

Editor’s Note: This article has been updated with details on New York Community Bancorp’s recent equity investment, board appointments, and CEO transition. The article was further updated at 5:15 p.m. ET with a new headline, reorganized information and updated price action for the stock...

New York Community Bancorp (NYSE:NYCB) finds itself in the eye of the storm once again. On Thursday, the bank publicly acknowledged a “material weakness” in its internal controls concerning loan review processes. This admission was accompanied by a major leadership change at the top,...

New York Community Bancorp Inc (NYSE:NYCB) shares are tumbling in after-hours trading Thursday after the company identified material weakness in internal controls and announced a leadership transition. What Happened: In a new regulatory filing, New York Community Bancorp said management identified...

More than a dozen banks in the U.S. find themselves under the keen eye of financial watchdogs due to their sizable portfolios of commercial real estate (CRE) loans. The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency jointly indicated their intent to...

While investor sentiment is running high in the early weeks of 2024, risks remain that could topple the equity market rally that began in the fourth quarter of 2023. Among them: the threat of systemic risk should stresses in the commercial real estate sector hit regional banks. Data from Apollo...

New York Community Bancorp (NYSE:NYCB) shares climbed on Monday after executives said they were buying stock. What Happened: NYCB is enjoying some respite as shares rallied 7% Monday, adding to gains notched up on Friday when company executives disclosed they had bought stock in the bank....

Munich-based Deutsche Pfandbriefbank AG, or PBB, experienced a dramatic drop in its market value this week after it decided to ramp up its risk provisioning for potential losses in its loan portfolio tied to commercial properties. The move reflects growing concerns over the sector’s exposure...

Wednesday is a bullish day on Wall Street, with major large-cap indices extending record highs, aided by robust corporate earnings. Despite the overall market optimism, concerns linger within segments such as regional banks, highlighting investor caution. The S&P 500 surged to an intraday high...

Federal Reserve Governor Adriana Kugler expressed optimism about the ongoing reduction in inflation and the balance of the labor markets at a Brookings event on Tuesday, hinting at the potential for a reduction in the federal funds rate. At the same time, the Fed official emphasized the central...

Shares of New York Community Bancorp (NYSE:NYCB) were tumbling more than 10% to below the $4 mark in Wednesday morning trading, hitting their lowest level since March 1997. The stock was halted on a circuit breaker to the downside before resuming trading. This steep decline comes amid ongoing...

Shares of New York Community Bancorp Inc. (NYSE:NYCB) experienced a significant drop, plummeting 22.15% during Tuesday’s trading session to reach lows not seen since April 1997. The bank has become a focal point of investor concern after losing 38% of its value following the announcement of...

Amid a tumultuous week for regional banks, marking their worst performance since the March 2023 sell-off, Tim Melvin, a seasoned value investor with over three decades of experience, remains undeterred in his bullish outlook on the sector. Despite widespread pessimism, Melvin identifies the current...

In the wake of a significant New York Community Bank (NYCB) sell-off, investors are now wary of the future of U.S. regional banks. This event has raised concerns about the sector’s vulnerability to high Federal Reserve interest rates. What Happened: The recent earnings report from NYCB has...

The commercial real estate sector’s current quandary has precipitated a significant drop in regional bank stocks, stirring investors’ memories of the notorious Silicon Valley Bank downfall. What Happened: The KBW Nasdaq Regional Bank Index experienced its most severe drop since March,...

Regional bank stocks are experiencing heightened volatility following the release of New York Community Bancorp (NYSE:NYCB)’s disappointing quarterly results, reigniting concerns about the sector’s structural challenges. Investors are particularly scrutinizing the exposure of regional...