"NYCB Stock Hits 1997 Low Amid Widespread Concerns"

New York Community Bancorp's stock plunged by 22% to its lowest level since 1997, extending a $4.5 billion market capitalization loss triggered by a surprise quarterly loss and dividend cut. Analysts and Moody's Investors Service have raised concerns about the bank's credit and regulatory pressures following asset-boosting deals. Interest in put options on the stock surged, and regional bank stocks have been affected, with the KBW Regional Banking Index down around 12% year-to-date.