During Monday’s Current trade, Shares of Valley National Bancorp (NYSE:VLY), lost -0.97% to $10.23.
Valley National Bancorp (VLY) the holding company for Valley National Bank, declared that it will release its second quarter 2015 earnings before the market opens on July 30, 2015.
Valley’s Chairman, President and CEO, Gerald H. Lipkin will host a conference call on Thursday, July 30, 2015 at 11:00 AM (ET) to talk about Valley’s second quarter 2015 earnings. Interested parties are invited to listen in by dialing 800-230-1074. A replay of the teleconference will be accessible starting at 1:00 PM on Thursday, July 30, 2015 and ending at 11:59 PM on August 6, 2015 by dialing 800-475-6701 (International - 1-320-365-3844), access code 363466.
Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, insurance, and wealth administration financial services products. The company operates through Commercial Lending, Consumer Lending, and Investment Administration segments. Its deposit products comprise non-interest bearing, savings, NOW, and money market deposits, in addition to certificates of deposit. The company’s loan products comprise construction, residential mortgage, home equity, automobile, and floating rate and adjustable rate commercial and industrial loans, in addition to fixed rate owner occupied and commercial real estate loans, credit card loans, personal lines of credit, personal loans, and loans secured by cash surrender value of life insurance. It also invests in securities, such as fixed rate investments, federal funds, and interest-bearing deposits with banks; and offers international banking services, such as standby letters of credit, documentary letters of credit, and related products and other ancillary services.
Shares of Illinois Tool Works Inc. (NYSE:ITW), declined -0.33% to $93.09, during its current trading session.
Illinois Tool Works Inc. (ITW) declared a regular quarterly cash dividend of $0.485 per share. The dividend equates to $1.94 per share on a full-year basis. The dividend will be paid on July 7, 2015, to shareholders of record as of June 30, 2015.
ITW is a Fortune 200 global diversified industrial manufacturer of value added consumables and specialty equipment with related service businesses. The Company focuses on solid growth, improving profitability and strong returns across its worldwide platforms and divisions. These divisions serve customers and markets around the globe, with a noteworthy presence in developed in addition to emerging markets. ITW’s revenues totaled $14.5 billion in 2014.
Illinois Tool Works Inc. manufactures and sells industrial products and equipment worldwide. It operates through seven segments: Automotive OEM; Test & Measurement and Electronics; Food Equipment; Polymers & Fluids; Welding; Construction Products; and Specialty Products. The Automotive OEM segment produces components and fasteners for automotive-related applications. The Test & Measurement and Electronics segment provides equipment, consumables, and related software for testing and measuring of materials and structures, in addition to equipment and consumables used in the production of electronic subassemblies and microelectronics.
Paychex, Inc. (NASDAQ:PAYX), during its Monday’s current trading session gained 0.41% to $47.84.
Paychex, Inc. (PAYX) CEO Martin Mucci stated in a phone interview, they believe that this is not the start of a trend but indicative of what they have seen with economic data as it has been inconsistent but still showing overall moderate growth. While the index showed a decline, the trend still signals moderate growth as the reading is over 100.”
A monthly measure of change in small business employment in the U.S., the Paychex/IHS Small Business Jobs Index tracks worker counts. An upward trend represents a strengthening job market, while a downward trend is a sign of a slowdown.
Many regions registered a decline last month. The West-North Central area exhibited the lowest growth rate for the second successive month. The East-North Central region now has the top-ranked position of all the regional indices.
On the state level, Indiana was the one with the highest ranking, demonstrating the best one-month and 12-month growing rates. After having solid total employment growth in April and May as stated by the Bureau of Labor Statistics, Indiana’s ranking climbed to 103.65. Illinois also logged growth, of 0.34%, in May contrast April. With a 102.31 ranking, Michigan saw improvement as its economy transitions to being more technology-based and has call centers, Mucci explained.
Paychex, Inc. provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company offers payroll processing services that comprise the calculation, preparation, and delivery of employee payroll checks; production of internal accounting records and administration reports; preparation of federal, state, and local payroll tax returns; and collection and remittance of clients payroll obligations.
Finally, News Corp (NASDAQ:NWSA), decreased -0.92%, to $14.47.
Realtor.com®, a leading provider of online real estate services operated by News Corp (NWS) partner Move, Inc., recently revealed that millennials have become more positive when it comes to taking the plunge into home ownership and are primed to gain market share in the second half of the year, based on the results of its consumer behavior survey of more than 12,000 respondents conducted from Jan. 1, 2015 to June 15, 2015.
Jonathan Smoke, chief economist for realtor.com®, revealed an in-depth analysis of these survey findings during Wednesday’s Mortgage Availability for Millennials and Other First-Time Buyers panel talk about at the National Association of Real Estate Editors conference in Miami.
In the first part of the year, millennials were held back by some noteworthy market challenges and were especially influenced by the lack of affordable inventory. Forty-one percent of older millennial home buyers cited that they “have not yet found a house that meets their needs” as the biggest factor holding them back from a purchase. Other reasons comprised of difficulty finding a good house within budget, not spending enough time looking, needing to improve credit score, lacking a down payment, and presently being in a lease.
News Corporation, a media and information services company, focuses on creating and distributing authoritative and engaging content to consumers and businesses worldwide. The company operates through News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Digital Education segments.
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