Valley National Bancorp: Despite Underperformance, My Opinion Is Unchanged

2025-12-03 15:33:55 ET

Nearly two years ago, in January 2024, I called Valley National Bancorp ( VLY ) a " quality prospect" that investors should definitely consider. The bank had achieved significant revenue growth, as well as growth in loans and deposits, in the years leading up to that point. Balance sheet metrics were solid, and my overall opinion of the company was favorable. At the end of the day, I ended up rating it a "Buy." But unfortunately, the market has so far disagreed with me. Even though we have seen continued growth in key areas of its balance sheet, and even though revenue and profits are rising nicely this year, the stock is up only 14.6% since that article was published. This is at a time when the S&P 500 was up 41.9%....

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