NEW YORK, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of New York Community Bancorp, Inc. (“NYCB” or the “Company”) common stock (NYSE: NYCB).
Before the market opened on January 31, 2024, NYCB announced its fourth quarter and full year 2023 results, which included a fourth quarter loss of $260 million, a $552 million provision for credit losses, net charge-offs of $185 million and a dividend cut to $0.05 per share per quarter (from $0.17). On this news, NYCB’s stock price fell $3.91 per share to close on January 31, 2024 at $6.47, a drop of 37.7% on very heavy volume.
Investors who lost over $50,000 trading in New York Community Bancorp, Inc.’s common stock and who would like to discuss the investigation should contact Adam Savett at (212) 451-9655, or asavett@wolfpopper.com.
Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper’s reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm’s website at www.wolfpopper.com.
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Wolf Popper LLP
Adam Savett
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9655
Email: asavett@wolfpopper.com
