Shares in New York Community Bancorp (NYCB) jumped nearly 6% in premarket trading Wednesday after the embattled regional bank said late Tuesday that it had agreed to sell around $5 billion of mortgage warehouse loans to JPMorgan Chase (JPM) in a deal aimed at shoring up its liquidity and capital as it undergoes a turnaround to return to profitability.

NYCB, which expects to complete the sale in the third quarter, anticipates the deal will add 65 basis points to its common equity tier 1 (CET1) capital ratio, resulting in a pro-forma ratio of 10.8% as of March 31 this year, and boost its liquidity profile as the proceeds of the transaction will be reinvested into cash and securities.

The announcement of the sale comes several months after the bank disclosed it had sold $899 million of consumer loans in March and a commercial co-operative loan in late February.

“We are moving forward quickly to implement our strategic plan, which focuses on improving our capital, liquidity and loan-to-deposit metrics,” recently appointed NYCB Chief Executive Officer Joseph Otting said in the statement Tuesday.

Otting, who took the helm at the bank in April, plans on reducing NYCB’s exposure to New York’s commercial real estate sector, which has faced challenges from higher borrowing costs and lower occupancy, and turn it into a more diversified regional bank.

Cracks started appearing at the beleaguered regional bank in January, when it cut its dividend and ramped up its loan-loss provisions. Those developments, along with material weaknesses in internal controls, management changes, and a string of rating agency downgrades, prompted a group of investors led by former Treasury Secretary Steven Mnuchin to inject more than $1 billion into the lender to shore up its balance sheet.

NYCB shares continued to trend sharply lower for around three months after gapping down more than 37% in late January, with trading volumes remaining above average throughout the decline. More recently, the price has staged somewhat of a recovery, reclaiming the 50-day moving average (MA). 

If the stock continues to climb higher, investors should monitor the $5.80 level, an area on the chart where the price may run into selling pressure near the March 2023 swing low. However, if the shares fail to hold above the 50-day MA, watch for a possible retest of recent lows around $2.70.

NYCB shares were up 5.9% at $4.12 at around 7:00 a.m. ET Wednesday.

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Dennis and his two friends went to China for vacation. Since they were new at the place, they had to stay in a Hotel. They ended up being on the 60th floor. The policy of the hotel was that, at midnight, the elevator is shut down.🚷

The next day, rented a car explored the City, enjoyed themselves and arrived at the hotel pass midnight. The elevators had been shut down. There was no other way to get to their room than to take the Stairs all the way to the 60th floor.

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1. Speed: Urinating with speed and force may cause ones urine to be foamy. The force one uses in urinating usually generate a lot of bubbles which tend to disappear quickly as it is formed in the toilet bowl.

2. Dehydration: Drinking little water can lead to dehydration and dehydration will in turn cause urine to be very concentrated. The waste products which comes out in the concentrated urine can make urine to foam.

People are advised to drink about 3 litres of water everyday and that is equivalent to about 6 - 7 sachets of "pure water" or 4 bottles of 750 ml table water.

3. Painkillers: Painkillers such as the Non-Steriodal Anti-Inflammatory Drugs (NSAIDs) can affect the kidneys and cause foamy urine.

Examples of NSAIDs are Ibuprofen, Alabukun, Feldene, etc. The excessive and indiscriminate use of these drugs can result in foamy urine.

Some common oral NSAIDs could be seen below: