Profit Fan

Valley National Bancorp: Is This 7% Yielder A Buy?

Bank shares across the board have mostly outperformed the market with a lot of companies now trading at their 52-week highs. While a big part of this bull market has been driven by nonaccrual loan improvements and speculation on a more profitable yield curve, some banks are performing well on their own merit and seem now to have emerged from the financial crisis stronger and more ready than ever to start leveraging their improved balance sheets in order to bring in more returns. Some of them that is.

In this article, I will be reviewing Valley National Bancorp (NYSE:VLY). A bank that I think is still working through problems and probably not the safest dividend play in the...

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