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Stock Market & Financial Investment News

News Breaks
December 6, 2012
08:48 EDTVLY, CVUCPI Aerostructures increases revolving credit facility from $17M to $35M
CPI Aerostructures (CVU) has amended its existing credit agreement to increase revolving credit commitments from $17M to $35M and to continue a $3.9M principal balance term loan. The revolving credit line was extended four years until December 5, 2016. The facility permits CPI Aero to request increases in revolving credit commitments to up to $50M in aggregate. Valley National Bank (VLY) joined Sovereign Bank as a lender under the facility.
News For CVU;VLY From The Last 14 Days
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July 1, 2015
10:00 EDTVLYOn The Fly: Analyst Upgrade Summary
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06:22 EDTVLYValley National upgraded to Neutral from Underweight at JPMorgan
JPMorgan upgraded Valley National (VLY) to Neutral saying interest rates being "low for long" could drive bank stocks above fair value at least over the short-term. The firm raised its price target for Valley to $11 from $9.50. JPMorgan also upgraded BankUnited (BKU) this morning to Overweight. Its top picks in the U.S. Mid- and Small-Cap Banks space are SVB Financial (SIVB), KeyCorp (KEY) and First Republic (FRC).
June 23, 2015
18:05 EDTVLYValley National releases results of 2015 Dodd-Frank Stress Test
Common Equity Tier 1 ratio would be 9.04% in severe adverse scenario and Tier 1 risk-based capital ratio would be 9.04%. Reference Link

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