Valley National (VLY) Q4 Earnings Miss Estimates

Valley National (VLY) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -13.33%. A quarter ago, it was expected that this holding company for Valley National Bank would post earnings of $0.18 per share when it actually produced earnings of $0.18, delivering no surprise.Over the last fou ...