New York Community Bancorp shares plummet 70% in a year; management aims for "peer level profitability" by Q4 2026.
New York Community Bancorp (NYCB) shares have plummeted 70% in a year; management targets "peer level profitability" by Q4 2026. This turnaround stock presents a tough decision for investors: buy, sell, or hold. Turnaround investing is risky, and NYCB faces challenges. However, the bank has financial backing and a target date for improvements. Investors should consider carefully before making a move.
June 16, 2024
3 Articles