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VLYBearishEarningsnews
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Valley National (VLY) Q2 Earnings and Revenues Miss Estimates

Jul 25, 2024, 9:31 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

VLY's earnings of $0.13 missed estimates by $0.07. Revenue of $454.2 million fell short, impacting future earnings outlook. VLY shares declined 27.9% year-to-date, underperforming the S&P 500. Current Zacks Rank #4 signals potential underperformance in the near future.

  • VLY's earnings of $0.13 missed estimates by $0.07.
  • Revenue of $454.2 million fell short, impacting future earnings outlook.
  • VLY shares declined 27.9% year-to-date, underperforming the S&P 500.
  • Current Zacks Rank #4 signals potential underperformance in the near future.

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