financetom
Business
financetom
/
Business
/
New York Community Bancorp posts first-quarter loss
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
New York Community Bancorp posts first-quarter loss
May 1, 2024 4:38 AM

May 1 (Reuters) - New York Community Bancorp ( NYCB )

reported a loss for the first quarter on Wednesday, as the

commercial real estate-focused lender increased its loan-loss

provisions to cover possible defaults.

The bank posted a loss of $327 million, or 45 cents per

share, in the three months ended March 31. That compares with a

profit of $2.01 billion, or $2.87 per share, in the year-ago

period.

(Reporting by Niket Nishant and Manya Saini in Bengaluru;

Editing by Saumyadeb Chakrabarty)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Abacus Global Management Makes Minority Investment in Dynasty Financial Partners
Abacus Global Management Makes Minority Investment in Dynasty Financial Partners
Aug 12, 2025
08:29 AM EDT, 08/12/2025 (MT Newswires) -- Abacus Global Management ( ABL ) said Tuesday it made a minority investment in financial services firm Dynasty Financial Partners. Abacus said it leverages Dynasty's integrated technology, services, robust turnkey asset management program, digital lead generation services, capital solutions, and investment bank. Dynasty has 57 network partner firms and over $105 billion in...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Ecolab to Acquire Ovivo's Electronics Business for $1.8 billion
Ecolab to Acquire Ovivo's Electronics Business for $1.8 billion
Aug 12, 2025
08:32 AM EDT, 08/12/2025 (MT Newswires) -- Ecolab ( ECL ) said Tuesday that it has signed a definitive agreement to acquire Ovivo's electronics business for approximately $1.8 billion. The acquisition is expected to close in Q1 2026, subject to standard closing conditions, it said. Ecolab ( ECL ) said that the deal is anticipated to be immediately accretive to...
Electrical component maker Hubbell to buy peer DMC Power for $825 million
Electrical component maker Hubbell to buy peer DMC Power for $825 million
Aug 12, 2025
Aug 12 (Reuters) - Hubbell said on Tuesday it will acquire smaller peer DMC Power for $825 million in cash, as the electrical equipment maker bolsters its critical components portfolio to meet an expected boom in power demand. DMC designs and makes connector technology systems for high-voltage power infrastructure, and complements Hubbell's existing substation and transmission connector solutions, the acquiring...
Copyright 2023-2026 - www.financetom.com All Rights Reserved