trending Market Intelligence /marketintelligence/en/news-insights/trending/jwxihh4stupzdtxgm7g3ha2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Midday Tuesday: Astoria, New York Community slip after deal termination

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Midday Tuesday: Astoria, New York Community slip after deal termination

New York-based Astoria Financial Corp. and New York Community Bancorp Inc. were trading down around midday on Dec. 20, following the mutual termination of their merger.

Astoria Financial declined 1.66% to $17.78 and New York Community Bancorp fell 2.40% to $16.89.

The declines weighed on the SNL Thrift Index, which was down 0.55% to 968.96. More broadly, bank stocks and the broader markets were trading higher around noon. The SNL U.S. Bank Index added 1.12% to 538.31. The Dow Jones Industrial Average increased 0.33% to 19,949.00, the S&P 500 gained 0.23% to 2,267.67 and the Nasdaq composite index increased 0.31% to 5,474.32.

In other M&A news, Louisville, Ky.-based FCB Bancorp Inc. saw its stock jump 86.32% to $35.40. The company is being acquired by Greensburg, Ind.-based MainSource Financial Group Inc. in a $56.9 million cash-and-stock transaction. MainSource Financial's stock increased 1.93% around midday.

The nation's biggest banks were also in positive territory. JPMorgan Chase & Co. was up 0.29%, Bank of America Corp. rose 0.73%, Wells Fargo & Co. climbed 1.63%, and Citigroup Inc. added 0.76%.

Among other price leaders, First BanCorp. increased 3.05% to $6.75, Regions Financial Corp. advanced 2.26% to $14.60, and KeyCorp added 1.62% to $18.47.

Market prices and index values are current as of the time of publication and are subject to change.