NYCB stock drops on steeper-than-expected losses on office and multifamily loans

New York Community Bancorp Inc.’s stock fell about 5% on Thursday after the lender reported a second-quarter loss and larger-than-expected charge-offs mostly on office and multifamily property loans that it doesn’t expect to be paid back.
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[mwai_chat context=”Let’s have a discussion about this article:nnNew York Community Bancorp Inc.’s stock fell about 5% on Thursday after the lender reported a second-quarter loss an