New York Community Bancorp, which operates 274 bank branches in New York and four other states, will begin trading under a different ticker symbol next month.
The publicly traded, Westbury-based banking company will begin trading under the ticker 'NYCB' on the New York Stock Exchange at the beginning of the market day on Nov. 13. Right now, the bank trades under 'NYB.'
“While it may seem like a small thing, the 'C' is, in fact, symbolic: It represents 'Community' which is both our heritage and our focus," said chief executive Joseph Ficalora in a news release.
NY Community Bancorp went public and traded on the Nasdaq National Market in 1993 under the name Queens County Bancorp and the ticker QCSB. In 2000, the company changed its name to New York Community Bancorp and traded under the symbol NYCB. When the company moved to the New York Stock Exchange in 2002, it took the ticker NYB.
The banking company runs 54 branches of Roslyn Savings Bank in Long Island. On Wednesday, NY Community Bancorp reported it earned $128.8 million, or 29 cents a share, in the quarter ending Sept. 30 — an increase of seven percent from the same period in 2011.