Valley National (VLY) Q3 Earnings Meet Estimates

Valley National (VLY) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate. This compares to earnings of$0.26 per share a year ago. These figures are adjusted for non-recurring items.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$0.13, delivering a surprise of -35%.Over the last four quarters, the company has not been able to surpass consensus EPS estima ...