India, Oct. 23 -- Flagstar Bank, National Association (FLG) is down 8.70 percent, losing $0.99 to $10.44 on Friday. The decline comes despite the bank reporting third-quarter net income attributable to common stockholders of $3 million, or $0.01 per share, compared with a net loss of $45 million, or $0.11 per share, a year earlier. The improvement primarily reflected a higher income tax benefit, while the pre-tax loss narrowed from last year.
Flagstar Bank is currently trading at $10.44, down from the previous close of $11.44 after opening at $10.55 on the New York Stock Exchange. The stock has traded between $10.30 and $11.05 during the session. Trading volume stands at 9.29 million shares, compared with average volume of 5.01 million sha...