VLY - Valley National Bancorp

I stopped out of 8% VLY position for a nice profit. I might go shopping for some calls now.

 

I bought the JAN 20th 2017 $12 calls for @10. I have an order in @05 should fall further. Currently .125
I just realized that is inaguaration day for Trump

 

Short Interest in Valley National Bancorp (VLY) Drops By 19.5%
https://sportsperspectives.com/2017...in-valley-national-bancorp-vly-drops-by-19-5/

 

Valley National Bancorp Reports Strong Increase In Fourth Quarter Net Income, Solid Net Interest Margin And Commercial Loan Growth
WAYNE, N.J., Jan. 25, 2017 /PRNewswire/ -- Valley National Bancorp (NYSE: VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter of 2016 of $50.1 million, or $0.19 per diluted common share, as compared to the fourth quarter of 2015 earnings of $4.7 million, or $0.01 per diluted common share, and net income of $42.8 million, or $0.16 per diluted common share, for the third quarter of 2016.

Net income for the year ended December 31, 2016 was $168.1 million, or $0.63 per diluted common share, compared to 2015 earnings of $103.0 million, or $0.42 per diluted common share. The earnings for both the fourth quarter of 2015 and the year ended December 31, 2015 included a pre-tax $51.1 million loss on the extinguishment of $845 million in high-cost debt.
http://finance.yahoo.com/news/valley-national-bancorp-reports-strong-130000077.html

 

VLY adding to it's 4%+ pop yesterday. I expected this to this to hit $14 in the mid-term

 

VLY sets a new 52 Week high today on strong volume. Now I would like to see an increase in the dividends and a upgrade.