Summary: New York Community Bancorp (NYCB) is a well-established component of the banking industry that has attracted the attention of many investors. In this guide, you will learn how to buy NYCB stock through an online investment platform such as eToro.
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About New York Community Bancorp
New York Community Bancorp (NYSE: NYCB) is the holding company for Flagstar Bank, operating hundreds of branches across New York, Michigan, New Jersey, Ohio, Florida, Arizona, and Wisconsin. NYCB is recognized as one of the largest banks in the United States and is a significant lender in the New York City metro area. The bank specializes in multi-family and commercial loans.
New York Community Bancorp IPO
Featured card: An initial public offering (IPO) marks the first time a company’s stock becomes available for public purchase.
New York Community Bancorp went public in 1993, listing on the New York Stock Exchange under the ticker symbol NYCB, allowing investors to buy shares of the company.
NYCB stock split history
NYCB stock has undergone nine stock splits:
| Date | Split | Cumulative multiple* |
| 2004-02-18 | 4:3 | x27 |
| 2003-05-22 | 4:3 | x20.25 |
| 2001-09-21 | 3:2 | x15.1875 |
| 2001-03-30 | 3:2 | x10.125 |
| 1998-09-30 | 3:2 | x6.75 |
| 1997-10-02 | 3:2 | x4.5 |
| 1997-04-11 | 3:2 | x3 |
| 1996-08-23 | 4:3 | x2 |
| 1994-10-03 | 3:2 | x1.5 |
*Cumulative shares are the number of shares that would be held if one share of stock was purchased when NYCB began trading.
How to buy NYCB stock: Step-by-step
If you’re looking to buy New York Community Bancorp stock, you can follow our simple step-by-step guide below:
- Find a broker: Find a brokerage platform that lists NYCB stock;
- Research the company;
- Register and fund your account;
- Place a trade: Find NYCB stock on the broker’s platform and place a trade;
- Monitor your investment.
Step 1: Choose the right broker
The first step in buying NYCB stock is choosing a reputable brokerage that offers access to the stock market. There are many online brokers available, each with its own features, fees, and trading tools.
Our go-to option for buying NYCB stock is eToro, a popular platform with trading features such as:
- Commission-free stock and ETF trading;
- Over 2,000 stocks from 17 different exchanges;
- Fractional shares;
- Charting tools;
- User-friendly platform.
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Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
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eToro USA is registered with FINRA for securities trading.
Step 2: Research the company
Stocks are inherently volatile, so make sure you research the company before investing to make sure your portfolio is as profitable as possible. That involves conducting both fundamental and technical analysis:
- Fundamental analysis helps investors determine the intrinsic value of the company they are investing in by allowing them to examine its financial health, revenue, profit margins, and growth potential;
- Technical analysis is likewise helpful as it helps review the stock’s historical performance and uses chart patterns to predict future movements.
Step 3: Register and fund your account
Once you’ve decided what broker you wish to use, you’ll have to fund your account so that you can buy NYCB stock. Registering and funding typically involves following simple instructions to confirm your identity — the specifics will vary from broker to broker — and transferring money from your bank account or third-party payment platform to your brokerage account.
Most brokers offer various funding options, including:
- Bank transfers;
- Wire transfers;
- Electronic funds transfers (EFTs);
- Third-party payment gateways such as PayPal.
Step 4: Place your order
With your account funded, you’re ready to buy NYCB stock. Simply:
- Log in to your broker’s trading platform;
- Search for NYCB stock using its ticker symbol, NYCB;
- Enter the number of shares you want to purchase or the dollar amount you wish to invest;
- Choose the type of order you want to place (i.e., market, limit, stop-loss, etc.);
- Review the details of your order;
- Execute the trade.
Step 5: Monitor your investment
To monitor stock performance, regularly check financial news, use stock tracking tools on your brokerage platform, and follow investment news. Key metrics to watch include the stock’s current price, daily price changes, trading volume, and trends in the stock’s price over time.
Naturally, staying informed about company news, earnings reports, and general trends in the sector also helps, as these can significantly impact stock performance.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
NYCB stock price today
Pros and cons of buying NYCB stock
Pros
- Known institution: NYCB has a long history and a strong reputation in the banking sector;
- Dividends: The company has a history of paying regular dividends.
Cons
- Financial performance: NYCB has seen some financial problem in the recent past after a too rapid expansion and and acquisitions of Flagstar and Signature Bank;
- Debt levels: The company received $1 billion in bailout from investors after performing poorly. The company now has debt levels of around $25 billion.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy NYCB stock
When did New York Community Bancorp go public?
New York Community Bancorp went public in 1993.
Can I buy NYCB stock directly from the company?
Yes, you can buy New York Community Bancorp stock directly from the company.
What is New York Community Bancorp’s ticker symbol?
New York Community Bancorp’s ticker symbol is NYCB.
How to buy NYCB stock?
To buy NYCB stock, open an account with a trading platform such as eToro.
Is NYCB a penny stock?
Some consider NYCB a penny stock.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
