(CNBC) Shares of New York Community Bancorp lost 22% on Tuesday, extending a sell-off since the lender reported a surprise quarterly loss last week, as Moody’s downgraded its long-term debt ratings to junk status. The stock closed at $4.20 and is on track shed more than half of its value at the current levels.
New York Community Bancorp stock value set to halve, as Moody’s cuts ratings
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