Shares in Wayne, New Jersey headquartered Valley National Bancorp saw rose 3.48%, ending Tuesday's trading session at $11.90. The stock recorded a trading volume of 4.18 million shares, which was above its three months average volume of 2.20 million shares. The Company's shares have gained 6.80% in the last one month, 29.06% in the previous three months, and 26.32% on an YTD basis. The stock is trading 12.95% and 25.44% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Valley National Bancorp, which operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services, have a Relative Strength Index (RSI) of 67.93.
On December 19th, 2016, Valley National Bancorp announced the initiation of a comprehensive and sustained effort to further improve its operating performance. The Company has embarked on a program that will seek to identify operating expense reduction and at the same time revenue enhancement opportunities, which together are expected to contribute to sustained earnings improvement for years to come. The program, which will be called "LIFT", will be conducted over H1 2017 with the implementation phase beginning soon thereafter. Access our complete research report on VLY for free at:
Buffalo, New York headquartered M&T Bank Corp.'s stock climbed 1.84%, closing the day at $157.02 with a total trading volume of 853,921 shares. The Company's shares have advanced 11.71% in the last month, 36.39% over the previous three months, and 32.66% since the start of this year. The stock is trading 17.81% above its 50-day moving average and 31.99% above its 200-day moving average. Additionally, shares of M&T Bank, which operates as the holding company for M&T Bank and Wilmington Trust, National Association that provide commercial and retail banking services, have an RSI of 79.27.
On December 14th, 2016, M&T Bank announced that it will increase its prime lending rate from 3.50% to 3.75% effective December 15th, 2016.
On December 15th, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'. The complimentary research report on MTB can be downloaded at:
On Tuesday, shares in Lancaster, Pennsylvania headquartered Fulton Financial Corp. recorded a trading volume of 794,214 shares. The stock ended the day 1.04% higher at $19.35. The Company's shares have advanced 9.14% in the past month, 34.07% in the previous three months, and 52.10% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 16.69% and 34.51%, respectively. Furthermore, shares of Fulton Financial, which operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers, have an RSI of 71.25.
On December 6th, 2016, research firm Barclays downgraded the Company's stock rating from 'Equal Weight' to 'Underweight' while revising its previous target price from $13 to $17.
On December 20th, 2016, Fulton Financial's Board of Directors declared a quarterly cash dividend of 0.10 per share on its common stock, payable on January 13th, 2017, to shareholders of record as of January 03rd, 2017. Register for free on Stock-Callers.com and get access to the latest PDF format report on FULT at:
Waterbury, Connecticut headquartered Webster Financial Corp.'s stock gained 1.57%, finishing yesterday's session at $54.93. A total volume of 856,416 shares was traded, which was above their three months average volume of 840,720 shares. The Company's shares have advanced 16.77% in the last one month, 45.51% over the previous three months, and 50.83% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 21.21% and 42.29%, respectively. Additionally, shares of Webster Financial, which operates as the bank and financial holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the US, have an RSI of 79.07.
On December 14th, 2016, Webster Financial announced that it will release its Q4 2016 earnings results on January 19th, 2017 at approximately 7:30 a.m. EST. The Company will hold a conference call on the same day at 9:00 a.m. EST to discuss the Q4 2016 results. Download your free research report on WBS at:
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