After announcing an unexpected net loss of $252 million for the fourth quarter and a cut in its dividend, shares of New York Community Bancorp took a sharp dive, plummeting 46% early on Wednesday. The stock ultimately closed the day with a 37% loss, marking the steepest single-day percentage decline it's ever experienced.
This development sent ripples throughout the sector of regional banks, causing the stocks of peers like Valley...

G'day, mooers! Check out the latest news on today's stock market!
• S&P 500 bags another record close
• ASX gains, Nanosonics dives 36pc
• Stocks to watch: Nanosonics, Core Lithium, Pilbara Minerals
- Moomoo News AU
Wall Street Summary
The S&P 500 set a third consecutive record Tuesday as earnings season picked up steam.
Investors were quick to reward some companies and punish others, sending shares of United Airlines Holdings up 5.3 per cent and ...