Zions Bancorp Analysts Boost Their Forecasts After Better-Than-Expected Earnings
Portfolio Pulse from Avi Kapoor
Zions Bancorporation (NASDAQ:ZION) reported better-than-expected Q3 earnings, with EPS of $1.37 beating the $1.17 estimate and sales of $798 million surpassing the $778.857 million forecast. The company's shares rose 6.4% following the announcement. Several analysts raised their price targets for ZION, reflecting positive sentiment.
October 22, 2024 | 6:25 pm
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POSITIVE IMPACT
Zions Bancorporation reported strong Q3 earnings, beating both EPS and sales estimates. The stock rose 6.4% as analysts raised their price targets, indicating a positive short-term outlook.
Zions Bancorp's better-than-expected earnings and subsequent analyst upgrades suggest a positive short-term impact on the stock price. The 6.4% increase in share price reflects investor confidence, and the raised price targets by multiple analysts further support a bullish outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100