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Ira Robbins, CEO at Valley National Bank, says, “we have not had to restructure one loan of that whole $2.8 billion” of loans that have repriced or matured in the last year as he discusses the ban
Lower revenues, an increase in non-interest expenses and higher provisions hurt Valley National's (VLY) Q4 earnings.
After 11 interest rate hikes that started with a 0.25% increase in March 2022 and ended with a 0.25% increase in July 2023, the Federal Reserve has left rates unchanged for three consecutive meetings.
While the top- and bottom-line numbers for Valley National (VLY) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics
Valley National (VLY) came out with quarterly earnings of $0.22 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.35 per share a year ago.
Evaluate the expected performance of Valley National (VLY) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key
Will 2024 be the year that cannabis stocks come back into their own? Though recreational and medical legalization is inching along, state by state, cannabis stocks haven't come close to touching past

3 high-yielding, small banks to buy on the dip

08:01am, Tuesday, 16'th Jan 2024
Results from the big banks have the financial sector on the cusp of a correction. The news isn't bad, but strengths were priced into the market, setting it up for a healthy and needed reset.
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
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
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 incre
As 2024 looms on the horizon, the cannabis sector stands at the cusp of an exciting era. This likely surge is fueled by a blend of political backing and a shift in public opinion.
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.
Bank stocks are down badly this year. Borrowing costs are sky-high, cutting into net interest income.
Cannabis stocks are well off past peaks. But that doesn't mean it's a dead – or dying – industry.
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