InvestorsHub Logo

timhyma

04/24/13 8:45 AM

#635 RE: timhyma #632

Valley National Bancorp (VLY), the holding company for Valley National Bank, today reported net income for the first quarter of 2013 of $31.3 million, or $0.16 per diluted common share as compared to the first quarter of 2012 earnings of $34.5 million, or $0.18 per diluted common share.

They missed by .02 on earnings, but higher than expected revenue, so probably a wash for stock price movement. Still, I like the 6% yield