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re: 2024 bank failure predictions

Posted on 1/31/24 at 10:48 pm to
Posted by BamaGradinTn
Murfreesboro
Member since Dec 2008
26994 posts
Posted on 1/31/24 at 10:48 pm to
quote:

What's everyone doing with their regional bank holdings? Nycb has me spooked and I'm thinking about liquidating everything.



I had been accumulating NYCB for the last year. 6.5% dividend and 8 consecutive years of dividend growth. They flushed that down the toilet. Not a lot...had about 125 shares. I went ahead and sold it. I probably would have held on if they hadn't cut the dividend to almost nothing. With practically no dividend now, I didn't think it was worth the risk to keep it. I'm sure they have many individual investors with a lot more shares than I had who counted on that dividend. I hope all their officers get voted out. I can't imagine anyone buying their stock now.
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