Valley National Bancorp (NYSE:VLY) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 23, 2016
Zacks Investment Research has upgraded Valley National Bancorp (NYSE:VLY) to Hold in a report released on 9/24/2016.
Having a price of $9.61, Valley National Bancorp (NYSE:VLY) traded 0.84% higher on the day. With the last close up 2.75% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. VLY has recorded a 50-day average of $9.44 and a two hundred day average of $9.35. Volume of trade was up over the average, with 2,462,569 shares of VLY changing hands over the typical 1,788,000
Recent Performance Chart
Valley National Bancorp has 52 week low of $8.31 and a 52 week high of $11.24 with a P/E ratio of 22.04 and has a market cap of $0.
General Information About Valley National Bancorp (NYSE:VLY)
Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company's segments include Consumer Lending; Commercial Lending; Investment Management, and Corporate and Other Adjustments. The consumer lending segment includes its residential mortgages, home equity loans and automobile loans. The commercial lending segment primarily includes floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. The investment management segment includes the Company's investments in various types of securities, its federal funds sold and interest-bearing deposits with banks (primarily the Federal Reserve Bank of New York). The Bank has over 230 branches serving northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, and Florida.
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