S&P 500 cuts losses as Nvidia climbs ahead of results
Valley National Bancorp (NASDAQ:VLY) A Preferred stock reached a significant milestone by hitting a 52-week high of 25.69 USD. This achievement reflects the stock’s robust performance over the past year, with InvestingPro data showing an impressive 17.13% total return. The stock offers an attractive 8.39% dividend yield, supported by a remarkable 52-year streak of consistent dividend payments. The climb to this 52-week high underscores the positive investor sentiment and the company’s strong market position, with a market capitalization of $5.42 billion and a P/E ratio of 12.35. The stock’s upward trajectory highlights its resilience and potential for continued growth in the financial sector. InvestingPro subscribers can access additional analysis and 5 more exclusive tips about Valley National’s prospects.
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