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After the wildfires — lessons on being prepared | SaltWire #wildfire #novascotia #thinkingoutoud - New York Community Bancorp was the cheapest U.S. bank stock among lenders with more than $3 billion in assets for the second straight month, an analysis by S&P Global Market Intelligence showed on Wednesday.
Its shares have so far this year lost 64% of their value and were trading at levels last seen in 1996. Citigroup was the only big bank in the top 20 at 71.9%. The third-largest U.S. lender recently finished restructuring its lending-to-trading business to improve its profitability and valuation.
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