Podcast by Joe Weisenthal & Tracy Alloway, Odd Lots

Odd Lots

Podcast by Joe Weisenthal & Tracy Alloway

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Equity Bottom-Up

New York Community Bank / Equity Bottom-Up

<ul><li>New York Community Bancorp (NYCB) saw its shares plunge nearly 40% after missing on earnings per share, cutting dividends, and increasing reserves for bad loans. The bank specifically cited issues with commercial real estate and multifamily loans.</li><li>There is a debate over whether NYCB's troubles are idiosyncratic or indicative of broader issues in the banking sector. Similar debates have occurred with other troubled banks in recent years.</li><li>The real estate market, particularly in multifamily housing, has been a topic of concern. A previous episode of the podcast featured a New York landlord who stated that the golden age of being a landlord was over and talked about potential downsides in the market. Additionally, factors such as rising interest rates and affordability crises in New York City contribute to the challenges in the market.</li></ul><p><em>This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.</em></p>

New York Community Bancorp (NYCB) saw its shares plunge nearly 40% after missing on earnings per share, cutting dividends, and increasing reserves for bad loans. The bank specifically cited issues with commercial real estate and multifamily loans.There is a debate over whether NYCB's troubles are idiosyncratic or indicative of broader issues in the banking sector. Similar debates have occurred with other troubled banks in recent years.The real estate market, particularly in multifamily housing, has been a topic of concern. A previous episode of the podcast featured a New York landlord who stated that the golden age of being a landlord was over and talked about potential downsides in the market. Additionally, factors such as rising interest rates and affordability crises in New York City contribute to the challenges in the market.This podcast is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only.

NY Community Bancorp's Problems in the Rent-Stabilized Market

United States

New York Community Bancorp, Inc. is a multi-bank holding company. The Company, through its banking subsidiaries, offers a full range of traditional and non-traditional products and services, and originates multi-family, commercial real estate, and construction loans, primarily in the New York metropolitan area.

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New York Community Bank (NYCB US)

NY Community Bancorp's Problems in the Rent-Stabilized Market

New York Community Bancorp (NYCB) saw its shares plunge nearly 40% after missing on earnings per share, cutting dividends, and increasing reserves...

Odd Lots

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