NYCB sets reverse stock split for July

By MarketWatch | Jun 27, 2024 at 09:11 AM EST

New York Community Bancorp Inc. is set to undergo a three-for-one reverse stock split in July after shareholders approved the move. The stock fell to $3.03 amid challenges earlier this year, prompting changes in leadership and ownership structure. JPMorgan's support is aiding the bank's recovery.

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