New York Community Bancorp (NYCB) shares surged after the new CEO presented a two-year plan aiming for profitability. The bank faced challenges with elevated loan loss provisions and a first-quarter loss due to higher provisions. Despite this, NYCB forecasts estimate-topping profits for the next two years, leading to a significant jump in shares. Short sellers of NYCB stock were hit with losses after a post-earnings rally, with estimates indicating over $42 million in losses. The bank's performance has been closely watched, with concerns about loan defaults and delinquencies in the commercial real estate sector.