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Attorney Advertising Stamford, CT, June 12, 2025 (GLOBE NEWSWIRE) -- A class action lawsuit has been filed on behalf of all investors who held shares of Flagstar Bank N.A. (“Flagstar”) at the time of its merger with New York Community Bancorp, Inc. (“NYCB”) in December 2022.
The stock has risen more than 26% in 2025 on signs of a turnaround from its “material weakness” warning last year.
NYCB, rebranded as Flagstar Financial (FLG), faces significant risks but offers a deep value play for long-term investors despite current negative profitability. FLG's loan portfolio is heavily concentrated in multi-family and commercial real estate, posing risks due to economic downturns and interest rate fluctuations. FLG's valuation metrics, including a price-to-book value of 0.49 and equity-to-market cap ratio of 218.67%, suggest the stock is undervalued.
U.S. regional lender Flagstar Bank, a unit of New York Community Bancorp , said on Thursday it will lay off around 700 employees, or 8% of its workforce, amid efforts to turn around its struggling business.
New York Community Bancorp (NYCB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HICKSVILLE, N.Y. , Oct. 17, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it plans to issue results for the three and nine months ended September 30, 2024 at approximately 7:00 a.m.
Kroger announced it will match Flagstar donations pound-for-pound resulting in 4,000 meals for metro Detroit families in need. HICKSVILLE, N.Y.
HICKSVILLE, N.Y. , Oct. 3, 2024 /PRNewswire/ -- Flagstar Bank, N.A.
Latest ESG Report Demonstrates Company's Responsible Business Practices and Showcases Early Achievement of 2030 Carbon Emissions Targets HICKSVILLE, N.Y. , Sept. 25, 2024 /PRNewswire/ -- Flagstar Bank, N.A.
FLAGSTAR BANK EXPANDS COMMERCIAL AND PRIVATE BANKING LEADERSHIP TEAM WITH KEY EXECUTIVE APPOINTMENTS
HICKSVILLE, N.Y. , Sept. 16, 2024 /PRNewswire/ -- Flagstar Bank, N.A.