Flagstar Financial Inc. (NYSE:FLG) saw its stock prices drop by 5.48% on Friday due to news of a planned merger with its banking subsidiary. The company aims to reduce costs, simplify its structure, and streamline operations. The reorganization is pending regulatory and shareholder approval. Flagstar also reported a 72% decrease in net loss for the first half of the year and announced quarterly cash dividends of $0.01 per share. Despite potential as an investment, some believe other AI stocks offer better returns with less risk. Investors can explore an AI stock report for more information.

Read more at Yahoo Finance: Flagstar Financial (FLG) Sheds 5% on Planned Merger with Bank