NEW YORK, December 21, 2016 /PRNewswire/ --
Regional Northeast Banks are depository institutions that operate in the Northeast region of a country, and provide a wide
range of financial services including deposits, loans, leases, mortgages, credit cards, and ATM services. Companies in this
category tend to offer dividend yields that are in-line with that of the wider market average. Ahead of today's trading session,
Stock-Callers.com draws investors' attention to: Valley National Bancorp (NYSE: VLY), M&T Bank Corp. (NYSE: MTB), Fulton
Financial Corp. (NASDAQ: FULT), and Webster Financial Corp. (NYSE: WBS). Register now and get full and free access to our
downloadable research reports on these stocks at:
http://stock-callers.com/registration
Valley National
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:
http://stock-callers.com/registration/?symbol=VLY
M&T Bank
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:
http://stock-callers.com/registration/?symbol=MTB
Fulton Financial
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:
http://stock-callers.com/registration/?symbol=FULT
Webster Financial
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:
http://stock-callers.com/registration/?symbol=WBS
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