Valley National Bancorp 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C (Ticker: VLYPN) offers institutional investors a compelling fixed-income opportunity with attractive yields while ensuring priority over common stockholders in liquidation scenarios. Valley National Bancorp, based in New Jersey, is a leading regional bank recognized for its diversified financial services and commitment to maintaining robust asset quality. This perpetual preferred stock not only provides a steady income stream but also aligns with strategic growth initiatives, making it a prudent choice for investors seeking stability and resilience in today's low-interest-rate landscape.
| Revenue (TTM) | $2.01B |
| Gross Profit (TTM) | $2.01B |
| EBITDA | — |
| Operating Margin | 46.80% |
| Return on Equity | 8.95% |
| Return on Assets | 1.08% |
| Revenue/Share (TTM) | $3.60 |
| Book Value | $13.48 |
| Price-to-Book | — |
| Price-to-Sales (TTM) | — |
| EV/Revenue | - |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 31.80% |
| Quarterly Revenue Growth (YoY) | 15.00% |
| Shares Outstanding | 0 |
| Float | $545.36M |
| % Insiders | 0.00% |
| % Institutions | 19.44% |
Volatility is currently contracting
The Fed's recent hawkish pivot sharply increased interest rates, negatively impacting most income sectors. CMT preferreds emerge as a compelling sub-sector, offering potential protection against rising long-term rates. Screening CMT preferreds by reset yield and yield-to-call can help identify attractive opportunities.
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