Why New York Community Bancorp's Stock Price Dropped 13.8% in April

New York Community Bancorp (NYSE: NYCB) struggled in April, as its stock price declined 13.8% in the month, according to S&P Global Market Intelligence.

It was a brutal month for stocks overall, as the S&P 500, down 8.8% in April, had its worst month since March 2020, and the Nasdaq Composite, down 13.3% in April, had its worst month since October 2008. Year to date, New York Community Bancorp is down 22%, as of May 3.

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Source Fool.com