Polini lowered his rating for Valley National Bancorp ( VLY) of Wayne, N.J., to "Market Perform" from "Outperform," while lowering his 2012 earnings estimate by two cents to 72 cents a share, and his 2013 EPS estimate to 70 cents from 76 cents.
Trading revenue at firms from JPMorgan Chase to Bank of America has surged 15% or more since Donald Trump's surprise victory. Client engagement is 'very high,' Citi's CFO said.
Citi Holdings -- the megabanks' last separately run bad asset unit -- is now profitable. So when's the next bailout?