Valley National shares are trading lower after S&P lowered its rating on the bank.
Portfolio Pulse from Benzinga Newsdesk
S&P has downgraded its rating on Valley National Bank, leading to a decrease in the bank's share prices.
August 22, 2023 | 4:34 pm
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Valley National Bank's shares are trading lower after S&P lowered its rating on the bank.
Ratings from agencies like S&P significantly influence investor sentiment. A downgrade usually indicates potential risks or instability, which can lead to selling pressure on the stock. Hence, the negative impact on Valley National Bank's share price.
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