Selective Insurance Group's Margin Improvement Bolsters Sentiment Despite Slower Growth Projections

Valley National Bancorp reported a net profit margin of 26.6%, up from 22% a year ago, with earnings growth at 17.2%. Shares are trading at $10.56, below the indicated fair value of $19.81, indicating investor caution despite accelerating profit momentum. Analysts expect 17% annual earnings growth and see investments in technology and digital delivery boosting margins. However, achieving margins near 32% will require ongoing improvements amidst rising compliance costs and competition in banking services.