NYCB’s stock plunges 45% after report that it’s exploring a stock sale
New York Community Bancorp’s stock cratered 45% on Wednesday following a report that the troubled regional lender is seeking to raise equity capital.
The stock — on track for its worst singe-session decline ever — had been halted because of volatility after a steep slide that continued after it resumed trading. Shares are now down 78% to date in 2024 and are trading below $2.
NYCB…
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