Valley National Bancorp First Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]
Valley National Bancorp (VLY)
Last valley national bancorp earnings: 4/30 08:00 am
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US:NYSE Investor Relations:
valleynationalbank.com
Company Research
Source: Yahoo! Finance
Net income: US$92.2m (down 35% from 1Q 2023). Profit margin: 23% (down from 30% in 1Q 2023). The decrease in margin was driven by lower revenue. EPS: US$0.18 (down from US$0.28 in 1Q 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Valley National Bancorp EPS Misses Expectations Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.8%. Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Banks industry in the US. Performance of the American Banks industry. The company's shares are up 6.3% from a week ago. Risk Analysis Before you take the next step you should know about the 2 warning signs for Valley National Bancorp that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article b
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News
- Valley National Bancorp (NASDAQ:VLY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Valley National Bank: Q1 Results Should Calm Fears [Seeking Alpha]Seeking Alpha
- Valley National (VLY) Q1 Earnings Miss on High Provisions [Yahoo! Finance]Yahoo! Finance
- Valley National Bancorp (NASDAQ: VLY) had its price target lowered by analysts at Wedbush from $9.00 to $8.00. They now have a "neutral" rating on the stock.MarketBeat
- UPDATE 1-Valley National, Eagle Bancorp latest to disclose earnings hit due to CRE footprint [Yahoo! Finance]Yahoo! Finance
VLY
Earnings
- 4/25/24 - Miss
VLY
Sec Filings
- 4/25/24 - Form 8-K
- 4/5/24 - Form S-3ASR
- 4/5/24 - Form ARS
- VLY's page on the SEC website