New York Community (NYCB) Reports Loss in Q2, Stock Tanks 3%

NYCB reported a second-quarter 2024 loss per share of $1.05, wider than the Zacks Consensus Estimate of a loss of 38 cents. It reported earnings of $1.41 in the year-ago quarter. The results excluded certain non-recurring items. After considering these, the net loss available to common shareholders was $333 million. The net income to common shareholders was $405 million in the prior-year quarter. Quarterly revenues were $671 million, which declined 44.2% from the prior-year quarter. The top line also missed ...