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Enter Symbol:
Valley National Bancorp (VLY) [hlAlert]

down 2.02 %

Valley National Bancorp (VLY) rated Underperform by Raymond James

Posted on: Thursday,  Apr 25, 2013  8:25 AM ET by Raymond James

Raymond James rated Underperform Valley National Bancorp (NYSE: VLY) on 04/25/2013, when the stock price was $9.20. Since
then, Valley National Bancorp has gained 2.07% as of 01/13/2016's recent price of $9.39.
If you would have followed this Raymond James's recommendation on VLY, you would have lost 2.02% of your investment in 993 days.

Valley National Bancorp (Valley) is a bank holding company whose principal wholly owned subsidiary is Valley National Bank (Bank). The Bank provides a range of commercial and retail banking services. These services include the acceptance of demand, savings and time deposits; extension of consumer, real estate, commercial loans; equipment leasing; personal and corporate trust, and pension and fiduciary services. As of December 31, 2008, the Bank has 195 full-service banking offices located throughout northern and central New Jersey, and New York City. Valley also owns the voting and shares of VNB Capital Trust I and GCB Capital Trust III, through which it issued trust-preferred securities. On July 1, 2008, Valley completed the acquisition of Greater Community Bancorp (Greater Community), the holding company of Greater Community Bank, a commercial bank. On March 31, 2008, Valley sold its wholly owned broker-dealer subsidiary, Glen Rauch Securities, Inc.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/25/2013 8:25 AM Sell
as of 12/13/2013
1 Week up  3.17 %
1 Month up  1.21 %
3 Months up  2.78 %
1 YTD down  -6.08 %

(*) Stock Price at the time of the recommendation.
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