2024-04-16 14:57:41 ET
Summary
- Valley National Bancorp provides banking solutions to customers nationwide.
- Its long-term profitability and current capital position make the sell-off from its 2022 high unjustified.
- The book value discount and earnings multiple are both low on an absolute and relative basis, representing a lot of upside.
Valley National Bancorp ( VLY ), founded in 1927 and headquartered in Morristown, New Jersey, is a bank holding company that through its principal subsidiary, Valley National Bank, provides banking solutions....
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Valley National: A Good Dividend Pick And A Greater Value One