Valley National (VLY) Q2 Earnings and Revenues Miss Estimates

This quarterly report represents an earnings surprise of -35%. A quarter ago, it was expected that this holding company for Valley National Bank would post earnings of $0.20 per share when it actually produced earnings of $0.19, delivering a surprise of -5%. Valley National, which belongs to the Zacks Banks - Northeast industry, posted revenues of $454.2 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.98%. This compares to year-ago revenues of $479.84 million. The company ...