Valley National, PNC Financial, Prosperity Bancshares, and Live Oak have seen big stock buys this month from directors and executives.
Just a few days after banks began accepting applications for the Small Business Administration’s Paycheck Protection Program, Wells Fargo announced that it had reached its lending limit under a regulatory asset cap. The Fed eased that asset cap a few days later, but by the end of the week Wells Fargo was once again encouraging businesses to apply at other banks for assistance. The bank’s inability to lend to small businesses created problems across the country, even leading to calls for boycott from some.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Insiders load up on Intel, AT&T;, Corteva and Valley National Bancorp Continue reading...
NEW YORK, May 20, 2020 -- Valley National Bancorp (NASDAQ: VLY) (“Valley”), the holding company for Valley National Bank, announced today its regular quarterly preferred and.
Local bankers expect the second round of PPP loans to go much more quickly, but more funds could be on the way.
On Sunday, March 1, 2020, Valley was notified by KPMG LLP, the Company’s independent public accounting firm, that the engagement partner leading the audit of the Company’s financial statements, for personal reasons, would be unable to finalize the audit for the year ended December 31, 2019. The Company had earlier been informed by KPMG that the audit was on schedule for timely completion by March 2, 2020.
NEW YORK, April 30, 2020 -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the first quarter 2020 of $87.3.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...
Valley National (VLY) delivered earnings and revenue surprises of 16.67% and 6.90%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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.
Ladies and gentlemen, thank you for standing by, and welcome to the Q1 2020 Valley National Bancorp Earnings Conference Call. Presenting on behalf of Valley today are President and CEO, Ira Robbins; Chief Financial Officer, Mike Hagedorn; and Chief Banking Officer, Tom Iadanza. Additionally, I would like to highlight slide two of our earnings presentation and remind you that comments made during this call may contain forward-looking statements relating to Valley National Bancorp, the banking industry, and the impact of the COVID-19 pandemic.
Some banks are only processing the loans for their clients, while others are accepting applications from businesses that are not customers.
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.
Q1 2020 Valley National Bancorp Earnings Call
Due to concerns over the health and well-being of all stakeholders given the public impact of the coronavirus outbreak and the Executive Order issued by the Governor of New Jersey prohibiting all gatherings, the Company will hold its 2020 Annual Shareholders Meeting in a virtual meeting format only, via live webcast on Friday, May 1, 2020 at 9:00 am Eastern Time. Shareholders may not attend the meeting in person. Shareholders of record as of the close of business on March 11, 2020 can attend the virtual meeting via the following link; www.virtualshareholdermeeting.com/VLY2020 and by using the control number included on their proxy card or notice.
As thousands of businesses seek payroll assistance from the federal government, many are turning to local banks for more help.
Due to the KPMG delay, Valley has changed the date for its Annual Shareholders Meeting. As the principal subsidiary of Valley, Valley National Bank is a regional bank with over $37 billion in assets.
NEW YORK, April 21, 2020 -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, announced that it will release its first quarter 2020 earnings.
Valley Bank has announced plans to aid and support its customers most deeply impacted by the spread of the new coronavirus. The initiatives are aimed at providing much needed relief to customers who may be affected by loss of work or loss of business revenue. “We are already seeing how the new coronavirus is impacting the lives of people and businesses we serve in our communities,” said President & CEO, Ira Robbins.