UBS asks:

What will be the closing market capitalization for New York Community Bancorp, Inc. (NYCB) on 2 August 2024?

Started Apr 10, 2024 02:00PM UTC
Closing Aug 02, 2024 07:01AM UTC

NYCB, a bank struggling with high exposure to commercial real estate loans, gained a lifeline investment from a group led by former Treasury Secretary Steve Mnuchin in March 2024 (Investopedia, Yahoo). The question will be suspended on 1 August 2024 and the outcome determined using data as reported by CNBC (CNBC, see "Market Cap"). Shares of NYCB need not trade for the full trading day on 2 August 2024 for it to be considered to have traded on that date. If the New York Stock Exchange (NYSE), the exchange on which NYCB trades, does not open for any trading on 2 August 2024, the outcome will be determined using the closing price from the most recent previous trading day for the NYSE so long as NYCB was traded on that day.

This question is part of the 2024 UBS Asset Management Investments Recruitment Challenge. Click here for more details.

Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here.

To learn more about how you can become a Superforecaster, see hereFor other posts from our Insights blog, click here.

Possible Answer Crowd Forecast Change in last 24 hours Change in last week Change in last month
Less than $1 billion 6.80% 0% -7.30% -3.90%
At least $1 billion, but less than $2 billion 23.10% -0.50% -2.70% -14.60%
At least $2 billion, but less than $3 billion 38.10% -0.10% +5.00% +0.10%
At least $3 billion, but less than $4 billion 24.70% +0.20% +8.70% +18.90%
At least $4 billion, but less than $5 billion 4.50% +0.30% -0.20% +2.30%
$5 billion or more 1.30% +0.10% -0.20% +0.20%
NYCB will fail or be delisted before 3 August 2024 or will not trade publicly on 2 August 2024 1.50% 0% -3.30% -3.00%

Sign up or sign in to forecast!

Sign Up Sign In
Files
Tip: Mention someone by typing @username