New York Community Bancorp's (NYCB) shares reversed their course during Wednesday's trading session after the regional lender confirmed a $1 billion capital raise.
NYCB will provide equity to several investment firms, including Liberty Strategic Capital, Hudson Bay Capital, Reverence Capital Partners, Citadel Securities, and others, in exchange for the cash infusion.
NYCB's stocks jumped by 30.02% to sell at $4.09 at 2:49 pm ET.