A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Shares of regional banking company Valley National Bancorp (NASDAQ:VLY) jumped 4.5% in the afternoon session after the broader market rallied as a favorable inflation report boosted optimism for a potential interest rate cut by the Federal Reserve. The positive market sentiment was triggered by the July Consumer Price Index report, which showed annual inflation holding steady at 2.7%, slightly better than economists had anticipated. This news fueled optimism for a potential interest rate cut from the Federal Reserve, sending major indexes like the S&P 500 and Nasdaq to new all-time highs. Bank stocks, which are highly sensitive to interest rate expectations, joined the broader market rally. While higher interest rates can sometimes increase bank profits, the prospect of a stable or declining rate environment can reduce fears of an economic slowdown, which is generally positive for financial institutions.
A number of stocks fell in the morning session after a surprisingly weak July jobs report and the announcement of sweeping new tariffs fueled fears of an economic slowdown and an impending interest rate cut.
Regional banking company Valley National Bancorp (NASDAQ:VLY) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 9% year on year to $495 million. Its non-GAAP profit of $0.23 per share was 6.4% above analysts’ consensus estimates.
Regional banking company Valley National Bancorp (NASDAQ:VLY) reported Q2 CY2025 results exceeding the market’s revenue expectations, with sales up 9.3% year on year to $495 million. Its non-GAAP profit of $0.23 per share was 6.4% above analysts’ consensus estimates.
VALLEY NATIONAL BANCORP (VLY) beat Q2 2025 EPS and revenue estimates, reporting $0.23 EPS and $496.3M revenue. Net income surged to $133.2M, driving stock gains.
Regional banking company Valley National Bancorp (NASDAQ:VLY) will be reporting earnings this Thursday before the bell. Here’s what investors should know.
Regional banking company Valley National Bancorp (NASDAQ:VLY) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 5.7% year on year to $478.4 million. Its non-GAAP profit of $0.18 per share was in line with analysts’ consensus estimates.
