Why Zions Bancorporation Stock Popped Today
Portfolio Pulse from Ryan Gustafson
Zions Bancorporation N.A. (NASDAQ:ZION) stock is trading higher after the company reported Q2 earnings of $1.11 per share, meeting analyst consensus but representing a 13.95% decrease YoY. Several analysts have issued price target changes for the company, with most raising their targets.
July 20, 2023 | 8:01 pm
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Zions Bancorporation's Q2 earnings met expectations but decreased YoY. Analysts have raised their price targets, leading to a rise in stock price.
Zions Bancorporation's Q2 earnings met analyst consensus, which is a positive signal for investors. However, the YoY decrease might raise concerns about the company's profitability. The raised price targets by several analysts indicate a positive outlook for the company, which has led to the stock trading higher.
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