Streetbeat News

ZION

Zions Bancorporation, National Association

https://www.zionsbancorporation.com

Industry

Banks - Regional

Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services. As of December 31, 2020, it operated 422 branches, which included 273 owned and 149 leased. The company was formerly known as ZB, National Association and changed its name to Zions Bancorporation, National Association in September 2018. Zions Bancorporation, National Association was founded in 1873 and is headquartered in Salt Lake City, Utah.

Open

59.54

Mkt cap

8.5B

Volume

1.2M

High

59.69

P/E Ratio

13.90

52-wk high

60.41

Low

57.30

Div yield

0.03

52-wk low

32.18

Zions Bancorp (NASDAQ:ZION) reported Q4 adjusted earnings of $1.30 per share, surpassing the consensus estimate of $0.99 by 31.31%, but marking a 29.35% decrease from $1.84 per share a year ago. Quarterly sales were $751M, slightly missing the estimate of $756.61M by 0.74% and showing a 13.97% decrease from $873M in the same quarter last year.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 8:52 pm

Earnings reports are scheduled for January 22, 2024, for several companies. Bank of Hawaii, MainStreet Bancshares, Logitech International, Great Southern Bancorp, Karooooo, United Airlines Holdings, Home Bancorp, SmartFinancial, Brown & Brown, Zions Bancorp, AGNC Investment, CrossFirst Bankshares, Trustco Bank, Independent Bank Gr, RBB Bancorp, Agilysys, and Enterprise Finl Servs are all expected to release their quarterly earnings. The reports will provide insights into each company's financial performance and may influence their stock prices.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 10:07 am

As the S&P 500 Index hits new highs, investors are closely monitoring a pivotal week of Q4 earnings reports from major companies. Mixed results have been seen so far, with financial sector companies underperforming. Key reports from Netflix, Intel, and Tesla are anticipated to significantly influence market trends. The SPDR S&P 500 ETF Trust (SPY) also saw an increase, reflecting market optimism.

Portfolio Pulse from Shanthi Rexaline

January 22, 2024 | 10:00 am

Investors are looking at several stocks as U.S. futures trade higher. United Airlines (UAL) is expected to report earnings of $1.70 per share on $13.54 billion revenue. Nxu, Inc. (NXU) filed for a Class A common shares offering, causing a slight drop in after-hours trading. Brown & Brown (BRO) is anticipated to report earnings of 53 cents per share on $985.48 million revenue. Hingham Institution for Savings (HIFS) reported a decrease in core net income for Q4. Zions Bancorporation (ZION) is expected to post earnings of 99 cents per share on $756.61 million revenue.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 8:55 am

The S&P 500 reached an all-time high as investor sentiment improved, with the CNN Money Fear and Greed index indicating 'Greed'. iRobot Corporation's stock plummeted following reports of the EU planning to block its acquisition by Amazon. State Street Corporation's shares rose after reporting strong Q4 earnings. U.S. existing-home sales dropped to their lowest since Aug. 2010, while consumer sentiment reached its highest since July 2021. The Dow Jones and Nasdaq also closed higher. Upcoming earnings include United Airlines, Brown & Brown, and Zions Bancorporation.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 8:34 am

Zions Bancorporation (NASDAQ:ZION) is set to release its Q4 earnings after the market closes on January 22, 2023. Analysts predict a decrease in earnings per share to 99 cents from $1.84 in the previous year and a revenue drop to $756.61 million from $873 million. The stock closed up 2.7% at $41.62 on Friday. Recent analyst ratings have seen downgrades with price targets ranging from $36 to $46, reflecting a cautious outlook on the stock.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 7:05 am

Zions Bancorp (NASDAQ:ZION) is scheduled to release its quarterly earnings report on Monday, 2024-01-22, with analysts expecting an EPS of $0.99. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, ZION's stock price has been sensitive to earnings performance and guidance. Last quarter, ZION missed EPS estimates by $0.01, resulting in a 9.67% share price drop the following day. Over the past year, ZION shares have declined by 23.04%, indicating potential investor concern ahead of the earnings release.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 2:00 pm

Compass Point analyst David Rochester has downgraded Zions Bancorp (NASDAQ:ZION) from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:17 pm

Truist Securities analyst Jennifer Demba downgraded Zions Bancorp (NASDAQ:ZION) from Buy to Hold and set a price target of $46.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 2:40 pm

Zions Bancorp (NASDAQ:ZION) has received mixed analyst ratings over the past three months, with 13 analysts offering diverse perspectives. The average 12-month price target for ZION has increased by 7.52% to $39.31. Analysts from firms such as Barclays, Goldman Sachs, Truist Securities, Baird, Wells Fargo, Citigroup, Piper Sandler, JP Morgan, and Wedbush have updated their ratings and price targets, reflecting changes in market dynamics and company performance. Zions Bancorp's financial performance shows a revenue decline of -7.61% for the quarter ending September 30, 2023, a net margin of 21.83%, an ROE of 3.44%, an ROA of 0.19%, and a low debt-to-equity ratio of 0.11.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 1:00 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.