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VLYBearishEarningsnews
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Valley National (VLY) Reports Q2 Earnings: What Key Metrics Have to Say

Jul 25, 2024, 11:07 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

VLY reported $454.2 million in revenue, down 5.3% year-over-year. EPS of $0.13 missed estimates, declining from $0.28 a year ago. VLY's efficiency ratio was 59.6%, slightly better than estimates of 59.8%. The stock returned +18.5% over the past month, outperforming the S&P 500. Zacks Rank #4 indicates potential underperformance in the near term.

  • VLY reported $454.2 million in revenue, down 5.3% year-over-year.
  • EPS of $0.13 missed estimates, declining from $0.28 a year ago.
  • VLY's efficiency ratio was 59.6%, slightly better than estimates of 59.8%.
  • The stock returned +18.5% over the past month, outperforming the S&P 500.
  • Zacks Rank #4 indicates potential underperformance in the near term.

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