Is It Too Late to Buy New York Community Bancorp Stock?

The reason for those dividend cuts, meanwhile, is twofold. First, the company expanded via acquisition but wasn't really ready to handle that growth from a regulatory perspective. Second, rising interest rates resulted in an increase in troubled loans right as the company was facing greater regulatory scrutiny. Basically, the company had to hit the reset button as it became a more important bank. That included the urgent need to shore up its balance sheet (thus the dividend cut), necessary upgrades in its i ...