WESTBURY, N.Y. ( TheStreet) -- Investors responded enthusiastically after New York Community Bancorp (NYB) took over the failed AmTrust Bank of Cleveland Friday night and announced an offering of 60 million shares before the market opened Monday.The shares closed up 8.7% to $13.40 Monday, after rising as much as 11% earlier in the day, despite the coming dilution. The stock has climbed 22% this year, beating the 9% advance of the S&P 400 Financials Index.
New York Community Shares Climb on Deal
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