Bank Stocks — Valley National Bancorp (VLY)
Click to EnlargeValley National Bancorp (VLY), which operates banks throughout the New York City region, is weaker and more volatile than many of the other regional bank stocks. That makes it a prime short-side candidate for investors looking to profit from the pressure coming down on the financials.
Although VLY reported better-than-expected earnings on April 24, it missed on the top-line results. The stock has fallen dramatically, down about 9% since reporting earnings.