Valley National Bancorp's VLYPO is an exchange-traded preferred stock in the National Commercial Banks sector. At a recent price of $24.73, VLYPO yields 8.32% on its $25 liquidation preference and 5.5% coupon. It trades at a discount of 1.1% to par. The issue is non-cumulative, perpetual (no stated maturity), callable on or after 2022-09-30. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.