Rep. Katherine Clark Sells New York Community Bancorp Stock By Investing.com
In a recent congressional trade report, five-term Massachusetts congresswoman Katherine M. Clark (D) reported two stock trades. Both transactions involved stocks. New York Community Bancorp Inc. (NYSE:) is a New York-based bank that has plummeted 70% this year.
The first transaction was with the Judith S. Clark Irrevocable Trust, with sales ranging from $1,001 to $15,000. The second transaction was in the Katherine M. Clark Separate Stock Trust, and the sale amount was in the same range. Both transactions took place on March 1, 2024 and were reported on April 2, 2024.
The Katherine M. Clark Separate Share Trust was described as inherited on April 5, 2019. The report did not provide additional details about the Judith S. Clark Irrevocable Trust.
These transactions are part of lawmakers’ regular disclosures under the STOCK Act. The law requires federal lawmakers to disclose financial transactions to prevent potential conflicts of interest and maintain transparency.
It is important to note that these transactions do not necessarily reflect Clark’s view regarding the future performance of New York Community Bancorp, Inc. Investors should always conduct their own research or consult a financial advisor before making any investment decisions.
