BUZZ-New York Community Bancorp falls after Q3 loss

Reuters

2024/10/25

** Shares of New York Community Bancorp NYCB.N down 1.6% at $11.32 in trading before the bell

** Co reports loss for the third quarter vs year-ago profit, as the regional lender set aside more reserves to cover potential loan losses

** Posts net loss available to common shareholders of $289 million, or 79 cents per share, compared with profit of $199 million, or 81 cents per share, a year ago

** NYCB's provisions for credit losses totaled $242 million in the third quarter versus $62 million in the year-ago period

** As of last close, NYCB was down nearly 63% YTD

(Reporting by Pritam Biswas in Bengaluru)

((Pritam.Biswas@thomsonreuters.com))

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