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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Valley National Bancorp | NASDAQ:VLY | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.23 | 3.07% | 7.73 | 7.62 | 9.90 | 7.845 | 7.65 | 7.70 | 5,425,543 | 05:00:08 |
From May 2019 to May 2024
The U.S. is adding another $5.42 million to its tally of earnings from auctions of warrants to buy shares in banks that received taxpayer bailouts.
The U.S. Treasury said Wednesday that it sold 2.5 million warrants to purchase common shares in Valley National Bancorp. (VLY) for $2.20 each, a figure expected to earn the Treasury $5.42 million.
The warrants have a strike price of $17.77.
The sale, expected to close May 24, is the latest of many held by the Treasury in the past several months. The Treasury has been selling its warrant stakes as banks have been repaying loans from the government.
-By Meena Thiruvengadam, Dow Jones Newswires; 202-862-6629; meena.thiruvengadam@dowjones.com
1 Year Valley National Bancorp Chart |
1 Month Valley National Bancorp Chart |
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