NasdaqGS:VLYBanks
A Look at Valley National Bancorp’s (VLY) Valuation Following Fed’s Shift Toward Softer Monetary Policy
Valley National Bancorp (VLY) grabbed the spotlight after Fed Chair Jerome Powell’s comments at the Jackson Hole symposium hinted at a softer monetary policy ahead. By raising the possibility of interest rate cuts instead of more hikes, Powell has given regional banks, including Valley National Bancorp, a welcome boost. The event has investors considering whether this shift could mark a turning point for bank stocks, just as worries about higher-for-longer rates were beginning to weigh...