Valley National Bancorp (VLY) has released an update.
Valley National Bancorp has announced a new stock repurchase initiative, set to commence on April 26, 2024, allowing for the buyback of up to 25 million shares of its common stock. This program, which will replace the existing one upon its expiration the previous day, will take into account market conditions and share prices to determine the scale and timing of the repurchases. The program is slated to run until April 26, 2026, but may be halted or ended early at the company’s discretion.
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