An announcement from NY Community (NYCB) is now available.
New York Community Bancorp, Inc. shareholders have approved a 1-for-3 reverse stock split, reducing total authorized shares from 2 billion to approximately 667 million. This change, effective as of July 11, 2024, also proportionally adjusted equity awards and the conversion rates for preferred stocks and warrants. The common stock began trading on a split-adjusted basis on July 12, under the same NYSE symbol, with outstanding shares reduced to 351,365,486.
For a thorough assessment of NYCB stock, go to TipRanks’ Stock Analysis page.
