Below is a three month price history chart comparing the stock performance of VLY vs.

FORBES: Valley National Bancorp Larger Than S&P 500 Component Advanced Micro Devices

At the closing bell, VLY is trading flat, while AMD is off about 0.7% on the day Wednesday.

FORBES: Valley National Bancorp Larger Than S&P 500 Component Advanced Micro Devices

What we like is that VLY weathered the credit crisis better than its peers, remaining profitable while maintaining its dividend.

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Valley National Bancorp. ( VLY) is the largest bank headquartered in New Jersey with 205 branches located throughout northern and central New Jersey, Manhattan, Brooklyn and Queens.

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Another stock with consistent attributes that appears today on our radar screen at the seemingly right price is Valley National Bancorp (VLY), which was chartered in 1927 and is headquartered in Wayne, New Jersey.

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Disclosure: I am long NYX, SCHW, and VLY.

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You can buy VLY today for a 5.8% yield, and if things go along like they have for every year like the past ten years, sometime in 2012 you will also get a 5% stock dividend.

FORBES: Are You Scared to Death to Buy Financials?

This would be Valley National Bancorp (VLY).

FORBES: Are You Scared to Death to Buy Financials?