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Stock Market & Financial Investment News

News Breaks
May 9, 2014
06:48 EDTVLYValley National upgraded to Market Perform from Underperform at Raymond James
News For VLY From The Last 14 Days
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July 30, 2014
07:51 EDTVLYValley National CEO sees funding costs affecting EPS less in 2015-2017
Valley National CEO Gerald H. Lipkin stated, "As we get closer to 2015, we remain upbeat on our ability to reduce our overall funding cost as over $1.5B of high cost long-term borrowings mature beginning in 2015 through 2017. These maturities with an average cost of 4.13% are likely to substantially decrease the level of our funding costs, which we believe will increase many of our key financial metrics in the future. Currently, these instruments have a negative impact on interest expense and our EPS, but will also mature and no longer be a cost to us starting in 2015 through 2017."
07:50 EDTVLYValley National management to meet with Guggenheim
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07:40 EDTVLYValley National reports Q2 EPS 15c, consensus 14c
Reports Q2 net charge-offs ($2.02M) vs. $7.04M a year ago.

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