Shares of New York Community Bancorp (NYCB) are on the rise thanks to a $1 billion investment from a group led by former Treasury Secretary Steven Mnuchin. However, the bank revealed it lost 7% of its deposits after its credit rating was downgraded in February. Meanwhile, the average rate for a 30-year fixed mortgage fell for the first time in five weeks, dropping to 6.88% from 6.94%, according to Freddie Mac. Trending tickers on Yahoo Finance include Novo Nordisk (NVO), Meta Platforms (META), and Victoria’s Secret (VSCO).
Top guests today include:
3:05 p.m. ET – Nick Timiraos, The Wall Street Journal Chief Economics Correspondent
3:15 p.m. ET – Ann Berry, Threadneedle Ventures Founder
3:45 p.m. ET – Bob Doll, Crossmark Global Investments CEO & CIO and Jeremy Schwartz, WisdomTree Global Chief Investment Officer
4:15 p.m. ET – Angelo Zino, CFRA Research Senior Equity Analyst
4:35 p.m. ET – Peter Maag, Kyverna CEO