NYCB Faces a Tough Road to Profitability

Key Takeaways New York Community Bancorp (NYCB) shares fell Thursday after the troubled regional bank's path to profitability was muddied by disappointing second-quarter earnings results. "Our second-quarter performance reflects the ongoing actions management is taking during this transitional year as we reposition the bank for long-term success," Chief Executive Officer (CEO) Joseph Otting said in a statement. "During the quarter, we expanded our comprehensive review of the loan portfolio beyond the top 35 ...