The “surprise” loss was due to large loan loss provisions, n...
The “surprise” loss was due to large loan loss provisions, not necessarily actual losses. Most of their loans are to co-ops, not offices. They also have a big mortgage business which should do well as rates come down. The dividends cut is the real culprit. The stock price drop seems excessive.
New York Community Bank's Problems Look Mostly to Be Its Own -- WSJ
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
