Valley National: Earnings Beat, Revenue Miss

Valley National Bancorp just dropped its Q3 financial results, surprising Wall Street with earnings of 28 cents per share, exceeding analysts' predictions. While the bank reported a solid profit of $163.4 million, revenue net of interest expense slightly missed expectations, signaling potential pressure on margins. Investors are optimistic about the earnings beat but remain cautious, closely monitoring the bank's performance amid shifting economic conditions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.