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Lots of red out there today. But not for NYCB. Must be opposite day.
Oh wow. Mnuchin is our friend and will make all of us millionaires.
Falling knife ! This one will show how bad the commercial real estate market really is.
NYCB is insolvent. It is going to $0.00
Be careful. Save yourself. Get Out.
LMAO
Very intelligent post.
Weeeeeeegooooiibiggggggggorrrrrrgoooooohomeeeeeeeebillions
Mnuchin probably hedged short here and then longer term will steal any leftover goods. Regular shareholders down the toilet. Probably his going in with $1 billion was a publicity stunt for (dumb) mainstream America who are they kidding this bank is a corpse no money can revive.
Oh wow. Mnuchin will make me rich. Mnuchin will save me. Mnuchin will have coffee with me. Mnuchin will give me $325 per share. Oh wow. I am a genius. Oh boy oh girl.
He and his wife (Ball Munchin Mnuchin) are a couple of money hungry zealots. Same goes for his cohorts! They'll make out like bandits and run NYCB into the ground. Only a matter of time. They'll take what's profitable and throw the rest of the biz into the trash. We'll probably never know what the deal was, but I'm willing to bet it's very beneficial for them. Everybody else gets screwed.
Financial Crisis Begins
"In other words, this is a deep-state bailout, an all-hands-on-deck attempt to stop contagion. It’s very serious."
Deposit Outflows
I've been saying, when the bailout facility dries up this POS is done. Get out while the get'ns good people. Maybe I'll get to buy my puts back on Monday after the 'deal' is finalized.
Oh no. Down 25 cents I wonder what is going on. I was expecting $10 by now. Oh wow. Oh boy oh girl.
Following Silicon Valley right into a grave with Melvin Capital.
"“Foreclosure King” Steven Mnuchin Doesn’t Appreciate His Totally Accurate Nickname
The nominee for Treasury secretary wants to know why no one ever brings up all the good stuff he did at OneWest.
uring his time running mortgage lender OneWest, which he bought with a group of investors for pennies on the dollar before selling it for a personal profit of many millions, Steven Mnuchin & Co. foreclosed on more than 36,000 homeowners. Because (1) that’s a lot of people kicked out of a lot houses and (2) everyone loves a good nickname, Mnuchin has earned the moniker, in some circles, “Foreclosure King,” or ”Foreclosure King of California,” if you’re not one for brevity....."
Go figure. That's how these "bitch boys" roll!
"Lampert Has A Friend On The Government Agency Board That Helped Seal His Deal For Sears
Eddie Lampert proudly points out that he’s a Yalie, class of '84. As a summa cum laude graduate with a degree in economics, there’s no doubt he learned a few things about making money.
While attending Yale, he lived for a time with two roommates. One of them went on to make some pretty good money himself in the entertainment business—as a producer of a whole host of films, from Wonder Woman to The Lego Movie—before he moved on and took a job with the federal government.
That roommate was Steve Mnuchin, who is now the United States secretary of the Treasury and, in addition to all his other duties, is one of three directors on the board of a government agency called the Pension Benefit Guaranty Corp., which takes over funding and administering workers’ pensions when their former employers go out of business and/or file for bankruptcy...."
Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Peter Winter DA Davidson Maintains Neutral $4.00 $4.00
Ebrahim Poonawala B of A Securities Lowers Neutral $4.25 $5.00
Jared Shaw Barclays Announces Equal-Weight $5.00 -
Keith Horowitz Citigroup Lowers Neutral $3.50 $5.00
David Chiaverini Wedbush Lowers Underperform $3.00 $3.50
Manan Gosalia Morgan Stanley Lowers Equal-Weight $4.00 $6.00
David Chiaverini Wedbush Lowers Underperform $3.50 $5.00
Mark Fitzgibbon Piper Sandler Lowers Neutral $5.00 $8.00
Peter Winter DA Davidson Lowers Neutral $5.00 $8.50
Manan Gosalia Morgan Stanley Lowers Equal-Weight $6.00 $7.00
Ebrahim Poonawala B of A Securities Lowers Neutral $5.00 $8.50
Steven Alexopoulos JP Morgan Lowers Neutral $5.50 $11.50
David Rochester Compass Point Lowers Neutral $8.00 $16.00
Bernard von-Gizycki Deutsche Bank Lowers Hold $7.00 $15.00
Steven Duong RBC Capital Lowers Sector Perform $7.00 $13.00
Steven Alexopoulos JP Morgan Lowers Overweight $11.50 $14.00
David Chiaverini Wedbush Maintains Underperform $6.00 -
Casey Haire Jefferies Lowers Hold $7.00 $13.00
David Chiaverini Wedbush Announces Neutral $8.00 -
Christopher Mcgratty Keefe, Bruyette & Woods Announces Market Perform
$12.00 -
Keith Horowitz Citigroup Lowers Neutral $11.00 $12.00
This came out today. Not that any of these 'Analysts' know anything, but I find it interesting that the majority "Action Taken" is "Lower".
I'm out, so really don't care. Sorry about the format. Preserve function didn't work that well.
Big Red Ones. Wipeout! As in wipeout the common shareholders!
Ahoy matees. We almost ready to rip
Oh no. Red. I wonder what is going on. I should ask Mnuchin. Anyone have his email ? I am a genius.
Oh wow. Oh wow. Oh wow. Oh wow. Oh wow. Oh wow. Up 23 cents in the premarket. Oh wow. Oh wow. I am a genius Diana.
Oh wow. Oh wow.
New York Community Bank (NYSE:NYCB) – The newly appointed CEO of NYCB announced revised business plans following a drop in deposits and dividends, revealing interest from non-bank bidders in loans. The company aims to stabilize finances, highlighting persistent uncertainty in its operations.
https://ih.advfn.com/market-news/article/6119/cnooc-oil-field-discovery-in-south-china-sea-grifols-surges-18-after-kpmg-approval-and-latest-news
The Foreclosure King also ran Kmart/Sears into the ground, besides throwing thousands out of their homes.
Oh wow. Were they WhaleBalls ?
Steven Mnuchin's Wife Louise Linton Made a Movie About a “Bisexual Sociopath” Who Eats a Man's Balls ...
A 'much needed lifeline' 'tremendously dilutive to shareholders' - Analyst comments.
Watched the Mnuchin interview. What a creepy dude. He didn't do his twitch thang.
I'm out of my puts for 200% profit. It was 2,000%. Halted before I could get my order out.
What's weird is that open interest at the $2.50 strike increased. Burnt toast, imo!
Cathy Hochul deploys national guard. I guess one way out of this mess would be if the terrorists blew da crap out of the city. Could be time to short the insurers. Iberty Iberty Iberty...
Wedbush, Morgan Stanley and Citi all reduce price target. Three CEO's in a week. Path unclear. Junk status. Penny dividend.
Oh wow. Up 12% already. On deck $10 Friday. Oh boy oh girl.
$1 billion won’t do much with the $1 billion in losses on Signature Bank and more of its NYC buildings loans defaulting they probably need another $1billion as depositors have already left the bank..