New York Community Bank

For newly public NRC, a $46M loss is no emergency

  NATIONAL RESPONSE CORP. Headquarters: Great River Industry: Management services NYSE: NRCG Reporting Date: March 18, 2019 Reporting Quarter: 4Q FY2018 Quarter Ended: Dec. 31, 2018 Numbers: Fourth-quarter revenues were reported as $107.2 million, up 15.2 percent from the $93 million reported for the same quarter last fiscal year. But operating expenses (up 17.7 percent, to $73.7 million) and general/administrative expenses (up 31.7 percent, to $13.7 million) both rose sharply year-over-year, fueling a quarterly net…


No. 377: Loosing fateful lightning, reshaping SBU’s innovation ecosystem and (sadly) remembering the Islanders fisherman

  That happened fast: Welcome to Friday, dear reader, and welcome to February – one month down already! It’s Feb. 1 out there, which means a) Tom Brady is gearing up somewhere for another ill-gained Super Bowl, and b) It’s National Freedom Day in the United States, honoring Abraham Lincoln’s signing of a resolution that later became the slavery-busting 13th Amendment. Not coincidentally: It’s also the start of U.S. Black History Month, so designated by…


No questions, please, at First Niagara

First Niagara Financial Group announced earnings of 15 cents a share on Friday, in line with expectations. But the big question was about the Buffalo-based bank’s future, specifically a rumored sale to Long Island’s New York Community Bank Corp. or Canada’s TD Bank, also with a large Island presence. And, no surprise, there was no big answer to the big question. “First Niagara has a long-standing policy that we simply do not comment on market rumors or…