Valley National Bancorp
-
Houston-Based Fund Bets Big On This Tech Giant
By Meena Krishnamsetty - May 10, 2013 | Tickers: ERF, INTC, PWE, VLY, VOD
CORDA Investment Management, LLC, a Houston, TX based portfolio management and consultancy firm has disclosed their stock holdings in this year's first quarter 13F report. At the top of the list is Intel (NASDAQ: INTC) with more than 600,000 shares. Bonner C. Barnes, Chief Investment Officer, and his team have also increased their stake in Vodafone (NASDAQ: VOD) underlying the company's trust in technology/telecom stocks. Let more »
-
A Good Small-Cap Regional Bank
By Anh HOANG - May 8, 2013 | Tickers: CNBC, NYCB, VLY
Barron’s recently featured a New Jersey regional bank that it thinks has upside potential of as much as 30%, in spite of the current challenging banking environment. That bank is Center Bancorp (NASDAQ: CNBC).
In the past twelve months, Center Bancorp's stock has increased by nearly 13.8%, a similar gain compared to the S&P 500. Interestingly, this regional bank is in the portfolio of several famous more »
-
Five Stocks That Should Be on Your Radar
By Ted Cooper - May 1, 2013 | Tickers: CEC, MCF, GLRE, LAYN, VLY
Everybody follows the news on Apple, General Electric, and other enormous corporations. But opportunity is rarely found where everyone is looking. Investors would be wise to leave the safe confines of analyst-covered stocks and venture out into the world of underfollowed -- and oft undervalued -- stocks. Here is a list of undervalued stocks to start you on your journey to market-beating returns:
Wildcatter with a twist
-
More Legal Woes Imperil Bank Profits
By Kyle Colona - April 3, 2013 | Tickers: BAC, C, UCBI, VLY
A continuous wave of mortgage-related legal cases may pose a threat to the banking industry’s profits in 2013.
Several sources have recently reported that since the 2008 economic crisis erupted, banks have been slammed with lawsuits filed by private investors and federal and state authorities. The lawsuits center on the banks’ selling billions of dollars of subprime mortgages that tanked and drove the economy off the hook.
FHFA Legal more »
-
What Do the CFPB’s New Mortgage Rules Mean for Investors?
By Kyle Colona - February 12, 2013 | Tickers: NYCB, UCBI, VLY
In January, the Consumer Protection Finance Bureau (CFPB) announced “new rules” to enhance consumer protections for high-cost mortgages. But these rules are not so much new as they are enhancements to the Home Ownership and Equity Protection Act (HOEPA).
This law was enacted in 1994 to address problems in home-equity lending and refinances in the subprime mortgage market. Since then, HOEPA has been an attempt to tamp down high-rate and more »
-
Good Dividend Stocks With Recent CEO Buys
By Anh HOANG - December 10, 2012 | Tickers: FFIN, NS, VLY
Income investors love the companies that have decent histories of paying dividends. In addition, we would feel much more confident if the insiders have been accumulating those companies’ shares recently. That is why I set up the screen for investment opportunities of historically consistent dividend payments and insider purchases combined. There are four main criteria for these companies: (1) market capitalization is greater than $1 billion, (2) minimum 10 years more »
-
The Challenges for Small Banks in Today's Big Bank Environment
By John Mylant - October 14, 2012 | Tickers: BAC, C, VLY, WFC
Community banks are coming under pressure from a crumbling commercial real estate market and a continuing weak global economy. The struggle has been against the big (too big to fail) behemoths like Citigroup (NYSE: C) and Bank of America (NYSE: BAC). The writing was on the wall back in 2008 when the U.S. government was willing to spend $700 billion or more to keep the big banks afloat, resulting more »
-
Warren Buffett Holds This Banking Stock, Should Investors Follow?
By Meena Krishnamsetty - October 3, 2012 | Tickers: BBT, FULT, MTB, SUSQ, VLY
From “The Wizard” to “the Oracle of Omaha,” Warren Buffett is a man that is known by many names in the financial world. While most amateur Buffettologists are likely aware of the iconoclast’s investments in industry stalwarts like Kraft Foods or Coca-Cola, they might have missed his mid-sized position in M&T Bank Corporation (NYSE: MTB). At the end of the second quarter, Buffett’s 13F filing with the more »
-
Why Hudson City’s Book Value is Misleading
By Joe Mazzone - September 5, 2012 | Tickers: HCBK, MTB, VLY
M&T Bank Corp (NYSE: MTB) announced the acquisition of Hudson City Bancorp (NASDAQ: HCBK) for $3.7 billion in stock and cash, equivalent to $7.22 per share on the day of announcement. This values HCBK at just 0.8x tangible book value. It appears that the street perceived this transaction as undervalued, as MTB shares rallied 5% on the news. However, as I will explain below, the reported more »