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Top related persons:
— - 2 Ole Andreas Halvorsen's - 1 Halvorsen - 1 Julian Robertson - 1 InsiderScore - 1 Lamb Weston - 1 Canaccord - 1 they've - 1
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Silicon New York Ole Andreas Halvorsen's Viking Minneapolis U.S Deere Tokyo
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Silicon Valley Bank - 2 New York Bancorp - 2 Service - 2 Ole Andreas Halvorsen's Viking Global - 1 Viking Global - 1 . Bancorp - 1 First Republic Bank - 1 Signature Bank - 1

Search resuls for: "New York Bancorp"


3 mentions found


☆ Ole Andreas Halvorsen's Viking Global bought this regional bank in the fourth quarter
  + stars: | 2024-02-15 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Despite broad concerns surrounding the health of regional banks, Ole Andreas Halvorsen's Viking Global bought into one key name in the sector in the fourth quarter. The move came near the end of a turbulent year for regional banks after the shuttering of Silicon Valley Bank , First Republic Bank and Signature Bank led investors to question the regionals' business model. Shares of U.S. Bancorp climbed more than 30% in the fourth quarter, but the stovck still ended the year down about 1%. The sector took a hit this year following New York Bancorp 's dismal fourth quarter earnings , which showed a loss, a large reserve against weaker future credits and slashed the dividend. Halvorsen went even further and zeroed out stakes in Microsoft and Arm Holdings , the British chip and software designer that went public last September.
Persons: Ole Andreas Halvorsen's, Halvorsen, Julian Robertson, InsiderScore, Lamb Weston Organizations: Ole Andreas Halvorsen's Viking Global, Viking Global, . Bancorp, Silicon Valley Bank, First Republic Bank, Signature Bank, U.S . Bancorp, Regional Banking, New York Bancorp, Viking, Tiger Management, Devices, Microsoft, Arm Holdings, Mastercard, Electric, Colgate, Palmolive Locations: Ole Andreas Halvorsen's Viking, Minneapolis, Silicon, U.S, Deere
☆ The 'zombie economy' is haunting the stock market and stoking uncertainty, strategist says
  + stars: | 2024-02-07 | by ( Aruni Soni | ) www.businessinsider.com   time to read: +2 min
The "zombie economy" is haunting the stock market and stoking uncertainty, Canaccord Genuity's chief market strategist told Bloomberg. AdvertisementThe stock market has been jittery lately. One strategist says they've created a "zombie economy" that's contributed to volatility as interest rates have risen. "We kind of still have the zombie economy," Tony Dwyer, the chief market strategist at Canaccord Genuity, told Bloomberg on Wednesday. It's that uncertainty that is bleeding into the stock market.
Persons: Canaccord, —, they've, that's, Tony Dwyer, Genuity, It's, That's, Dwyer, haven't, Jerome Powell Organizations: Bloomberg, Service Locations: New York
☆ A commercial real estate crash is unfolding, and regional banks are feeling the pain
  + stars: | 2024-02-01 | by ( Aruni Soni | ) www.businessinsider.com   time to read: +1 min
Regional bank stocks are feeling the bite of the unfurling commercial property crisis in a rout that's giving SVB-collapse flashbacks. Commercial real estate loans are going sour with huge defaults on the horizon, pummeling banks from New York to Tokyo. Regional banks are a lot more exposed and vulnerable to commercial real estate loans. AdvertisementPlummeting regional bank stocks are giving investors déjà vu, but the underlying problem this time around is the commercial property crisis. The decline was led by New York Bancorp, which tumbled nearly 40% on Wednesday after posting a fourth-quarter loss of $260 million due to of sour commercial real estate loans.
Persons: —, déjà Organizations: Service, Nasdaq, Silicon Valley Bank, New York Bancorp, Business Locations: New York, Tokyo, Silicon
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