BUZZ-NYCB to begin trading on NYSE after reverse stock split
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New York Community Bancorp (NYCB) has implemented a 1-for-3 reverse stock split, making its stock price more attractive to investors. The stock is set to begin trading on the NYSE on a reverse split-adjusted basis. This move comes after NYCB reported a surprise quarterly loss and reduced its dividend in January. The reverse stock split was ratified by NYCB shareholders last month.
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