Valley National Shares Jump 5.3% as Q3 Earnings Meet Estimates
Valley National Bancorp(VLY) ZACKS·2024-10-25 21:32
Shares of Valley National Bancorp (VLY) gained 5.3% in response to third-quarter 2024 results. Its adjusted earnings per share of 18 cents met the Zacks Consensus Estimate. However, the bottom line plunged 30.8% on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Higher non-interest income and a sequential increase in deposit balances support the results. On the other hand, a substantial rise in provisions, lower net interest income (NII) and loan balance and a ...