New York Community Bancorp Inc (NYCB)

[boo boo]

Retail = Dumb Money

Making Same Mistakes

I only find it interesting because it is. Any dumb money here????

[boo boo]

Material Weakness

In Internal Controls

$2.4 Billion Hit. Can't afford to file? Did I read that correctly??? Wording is everything. "Unreasonable Effort or Expense". Got it!!!!

[boo boo]

Canadian Pension fund sells Office Tower in Manhattan

For $1?

Where's Manhattan? East coat?? Old asking price must've been $2! Nah. They only had a 29% stake.

[boo boo]

Office Towers can be converted to Housing

After a 50% price drop

Gotta house the immigrants somewhere!

[boo boo]

CRE "Years of Supply"

Pain Train

[Patswil]

volume was 123 Million, and half of that was buys---GO NYCB

funds can't own anything under $4-thus all the selling

[CarlCarlMcB]

Bang on the drum’s weeeeeeeee$$$$$$$$
Whale on $$$$$$$

[RickNagra]

Oh wow. Crappy day.

[RickNagra]

Oh wow. Selling is overdone. Should close in the green. I am a genius.

[RickNagra]

Oh wow. Reversal on deck. $100 print on deck.

[RickNagra]

Oh wow. Massive buying opportunity.

[RickNagra]

Oh wow. Time to slap the ASK right now.

[RickNagra]

Oh wow. $50 on deck.

[CarlCarlMcB]

Harpoon start reeling $$$$$ Merry Christmas $$$$$$$

[Surfacetite]

Receivership soon.

[tw0122]

NYCB collapsing this morning …it bought Signature Bank's assets whose failure in 2023 was the fourth-largest in U.S. history

[Edward]

The executives are showing some confidence.

NYCB insiders bought 200K shares ( of the bank’s stock Friday 2/9/2024) . Is this the show of confidence the bank needs?

https://www.bankingdive.com/news/nycb-dinello-cangemi-stock-purchase-signature-flagstar-cre-rosengren-deposits/707205/

[PowerPlay1]

Talks changing name to flag star. Again only rumors.

[boo boo]

Citi likes them. Of course they do. They are part of the criminal cabal.
Barron's not so much.
Nothing to worry about. Billions have been set aside. Just incase something happens in the CRE and multi-family market.
You know...For loans they did not acquire. They still working on that agreement?
I believe them...NOT!

[boo boo]

No wonder CRE in NYC is undesirable:

Border Invasion

Way to go Brandon. Go get them votes!

[boo boo]

Went to see a relative at Rikers Island about 8 years ago.
Went to Little Italy in the City for dinner. Place had a funky smell.
China Town is next to it and it smelled like a sewer. What a S-hole!
Just Say'n!

[boo boo]

Posted on X:

Grant Cardone

Only disdain from me for Mr. Wonderful, but he's spot on here.

[boo boo]

Reverse Repo:

Reverse Repo

Nothing to worry about. The system is sound!

[boo boo]

When the overnight lending facility dries up it's done. Border, wars and corruption within our gov't are a much bigger issue.

The Fed's Solution

"The key point for markets is not the ‘mean’ central bank minutes, but that our (geo)political and economic problems mean central banks are minute. They are not now the giants that we like to conceive. There are limits to what monetary policy can do. More of the action going forward is going to be in the fiscal space, with the real issue being if the central bank cooperates with the government or not. That’s a whole new ballgame for Mr. Market."

[Edward]

Just a thought.

Gee i wonder if down the road NYCB may be a takeover target .

When banks are in distress surely large financial institutions look at it to see if it is worthwhile to purchase cheap.

Maybe after the lawsuits are settled. No one wants to take over a company with pending litigation.

[boo boo]

Whoa. Talk about averaging down:

Soros Wealth Management

Pathetic. Jerkoff spends way more on politics and appointment. It sounds good, but the cash outlay is a smoke screen, a big nothing burger, designed to draw you in with 'number of shares'. Don't get duped by this old fart. I'm short via puts and posting this positive garbage. Where are all the longs? Why aren't you posting this stuff? I have more opportunity to further short this turd with puts at a future expiry. Thanks George!

[jgrabar]

Current long-term NYCB shareholders who have held NYCB shares since prior to March 1, 2023, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever. See https://grabarlaw.com/the-latest/nycb-shareholder-investigation/

[boo boo]

Lot of open interest at the $2.50 strike. TPTB will do their best to not let this happen, imo. Not sure if they'll be successful! Month of March Madness.

[tw0122]

Short this Bank it’s done and insolvent… but be careful also a Fed bailout always in the cards.
It’s 2008 all over again where Obama saved the Banks and the billionaire rich corrupt guys while sacrificing and crucifying homeowners leaving millions homeless.

[Saving Grace]

No, it's insolvent and many more to follow. What you see is the inflated pump before the dump. Explosion - Implosion. It's Over.

Now, Where NYCB goes, nothing grows. Be careful and Good Luck.

[Edward]

This is done all the time.

There will other these type of law firms joining also.

Do research , i seen 100's, even on other stocks that i owned and nothing ever came of it.

[boo boo]

Gross Law Firm and Kuznicki Law joining the party.

Is it just me or does Jay-Z look like Whoopi??

[boo boo]

If $4.90 doesn't hold put a fork in it, imo!!!!

[boo boo]

WSJ article out:

NYCB Winner to Next Worry

Lot of CRE discussion coming out. Purchased $4 strike put couple months out!

[Edward]

Old news.

That was released last week.

Also this is a standard practice from class action law firms. Happens all the time with nothing coming out of it.

Happens on most stock that drop a lot and then comes out with bad news.

They haven't done anything wrong.

[jgrabar]

A securities fraud class action complaint has been filed that alleges that New York Community Bancorp, Inc. (NYSE: NYCB), via certain of its officers and directors, made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company was experiencing higher net charge-offs and deterioration in its office portfolio; (2) that, as a result, NYCB was reasonably likely to incur higher loan losses; (3) that, as a result of the foregoing and NYCB’s status as Category IV bank, the Company was reasonably likely to increase its allowance for credit losses; (4) that the Company’s financial results would be adversely affected; (5) that, to preserve capital, the Company would reduce quarterly common dividend to $0.05 per common share; and (6) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Current NYCB shareholders who have held NYCB shares since prior to March 1, 2023, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award at no cost to them whatsoever.

https://grabarlaw.com/the-latest/nycb-shareholder-investigation/

[Edward]

A lot of volume for the first hour of trading, considering there isn't any news today.

[PowerPlay1]

Looks like NYCB going to turn around in price. My opinion looks like something in the works. Otherwise it wouldn’t close up

[Saving Grace]

Nice manipulated pump. Crocks of Wall Street. Downgraded to Junk.

[PowerPlay1]

NYCB put on Radar

[Saving Grace]

Moody's cuts NYCB ratings to junk, warns of more downgrades

https://www.reuters.com/business/finance/moodys-cuts-nycb-ratings-junk-warns-more-downgrades-2024-02-07/

[Saving Grace]

FILING DEADLINE--Kuznicki Law PLLC Announces Class Action on Behalf of Shareholders of New York Community Bancorp, Inc. - NYCB
February 07 2024 - 10:45PM
PR Newswire (US)
Alert
Print
Tweet Share On Facebook

CEDARHURST, N.Y., Feb. 7, 2024 /PRNewswire/ -- The securities litigation law firm of Kuznicki Law PLLC issues this alert to shareholders of New York Community Bancorp, Inc. ("NYCB" or the "Company") (NYSE: NYCB), if they purchased the Company's securities between March 1, 2023 and January 30, 2024, inclusive (the "Class Period"). Shareholders have until April 8, 2024 to file lead plaintiff applications in the securities class action lawsuit.

(PRNewsfoto/Kuznicki Law PLLC)

Shareholders are encouraged to contact us at https://kclasslaw.com/cases/securities/nyse-nycb/, by calling toll-free at 1-833-835-1495 or by email ([e-mail]).

Kuznicki Law PLLC is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a Company lead to artificial inflation of the Company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Kuznicki Law PLLC
Daniel Kuznicki, Esq.
445 Central Avenue, Suite 344
Cedarhurst, NY 11516
Email: [e-mail]
Phone: [phone]
Cell: [phone]
Fax: [phone]

https://kclasslaw.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/filing-deadline--kuznicki-law-pllc-announces-class-action-on-behalf-of-shareholders-of-new-york-community-bancorp-inc---nycb-302056876.html

SOURCE Kuznicki Law PLLC

Copyright 2024 PR Newswire

Many more to follow. London Bridge is falling down.

[boo boo]

"Whatever it takes" / "No deposit outflows at branches"

Online outflows a different story. SVB??

[boo boo]

Ouch. Another 11% and counting.

[UpTickMeA$AP]

Halted.

Reason Code of “M” – the volatility trading pause when securities experience a price change of over 10% within a 5-minute period.

https://www.nasdaqtrader.com/trader.aspx?id=TradeHalts

[Stockexpertpro]

Elections in 10 months banks failing dont look good on the incumbant party when thats leading the nightly news the powers to be better get to making some phone calls

[Edward]

Now we know for the reason for NYCB sell off:

Moody's cuts NYCB ratings to junk, warns of more downgrades

https://www.reuters.com/business/finance/moodys-cuts-nycb-ratings-junk-warns-more-downgrades-2024-02-07/

[boo boo]

Reverse Repo (bank bailout facility) is about gone. Drained. Relying on FDIC - lmao!

Last call to get your deposits out.

[boo boo]

Your next SVB!

[boo boo]

Where's chief risk officer Nicholas Munson and chief audit executive Meagan Belfinger? Where'd they go???