Shares of Metropolitan Bank Holding Corp. bounced 14.8% in premarket trading Friday, after the parent of New York-based Metropolitan Commercial Bank provided...
Shares of Metropolitan Bank Holding Corp. MCB bounced 14.8% in premarket trading Friday, after the parent of New York-based Metropolitan Commercial Bank provided a financial update, saying it was “well capitalized across all measures of regulatory capital” and that “liquidity remains strong.” The update came late Thursday, after the stock tumbled 27.6% on Thursday, and had plunged 54% since the recent regional banking turmoil erupted after the March 8 close.
8% in premarket trading Friday, after the parent of New York-based Metropolitan Commercial Bank provided a financial update, saying it was “well capitalized across all measures of regulatory capital” and that “liquidity remains strong.” The update came late Thursday, after the stock tumbled 27.6% on Thursday, and had plunged 54% since the recent regional banking turmoil erupted after the March 8 close.
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