Valley National Bancorp (NYSE:VLY)
CAPS Rating:
A bank holding company, through its subsidiary provides a full range of commercial and retail banking services.
A bank holding company, through its subsidiary provides a full range of commercial and retail banking services.
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Recs
Valley National Bank's conservative lending practices lead to a extremely stable bank, but do not produce the revenue and earning growth that draws investors. However, it's 5+% dividend yield backed by a solid ledger makes this an outstanding income investment, which is why it is in my portfolio.
Well run bank with good management