VLY Stock Recent News

NEW YORK, Jan. 15, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY ), the holding company for Valley National Bank, announced that it will release its fourth quarter 2023 earnings before the market opens on Thursday, January 25, 2024.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Valley National (VLY) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

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Modest loan demand, high interest rates and strategic expansion efforts will keep aiding Valley National's (VLY) financials amid elevated expenses and rising funding costs.

Ira Robbins, Valley Bank CEO, joins 'Power Lunch' to discuss the company, commercial loans and the state of the consumer.

Higher non-interest income and a rise in loans and deposit balance support Valley National's (VLY) Q3 earnings, while lower NII and an increase in expenses and provisions are undermining factors.

Valley National Bancorp (NASDAQ:VLY ) Q3 2023 Earnings Conference Call October 26, 2023 11:00 AM ET Company Participants Travis Lan - Head, IR Ira Robbins - Chairman and CEO Thomas Iadanza - President and Chief Banking Officer Michael Hagedorn - Senior EVP and CFO Mark Saeger - EVP and Chief Credit Officer Conference Call Participants Frank Schiraldi - Piper Sandler Matthew Breese - Stephens Michael Perito - KBW Jon Arfstrom - RBC Capital Markets Manan Gosalia - Morgan Stanley Steve Moss - Raymond James Operator Good day and thank you for standing by. Welcome to the Third Quarter 2023 Valley National Bancorp Earnings Conference Call.

Valley National (VLY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Valley National Bancorp (VLY) shares have been weighed down by the banking crisis, losing about 30% of their value, but may offer compelling upside. The bank has been able to grow deposits while other regional banks have reported declines. Valley has a well-diversified loan portfolio and has seen improvement in credit quality, making it an attractive investment opportunity.