NYCB, was up over 40% this morning | BAC Message Board Posts


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Msg  8715 of 8764  at  3/20/2023 1:19:48 PM  by

okie_flats


 In response to msg 8714 by  MarkS
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Re: NYCB, was up over 40% this morning

$8.73 +33.49% +2.19 Today.

Surprising but apparently they were able to cherry pick only the best assets of Signature to acquire. The undesirable portions remain in receivership.

Do they cross the threshold? I would think so but the rules were adjusted so I'm not certain

"Congress Approves First Big Dodd-Frank Rollback, The New York Times

May 22, 2018 The changes would relax federal oversight of banks with assets of less than $250 billion, including a requirement that such institutions face so ..."

When I said they were teetering on the brink of triggering increased oversight that was many years ago. When Cramer was talking about it, it was paying a dividend with 7% yield and a big portion of profit was going to dividends. Their assets were well below $50 billion when the original Dodd-Frank bill was passed. But they crept up to close to $50B and the crazy high dividend would have to disappear if they crossed it. $50B is no longer the trigger since Dodd-Frank was amended.



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Msg # Subject Author Recs Date Posted
8716 Re: NYCB, was up over 40% this morning cheeseman 1 3/20/2023 4:41:57 PM




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