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

59.91

Mkt cap

8.8B

Volume

394K

High

59.91

P/E Ratio

13.50

52-wk high

61.80

Low

59.11

Div yield

0.03

52-wk low

33.66

Zions Bancorp (NASDAQ:ZION) has received mostly positive ratings from analysts in the last quarter, with 3 bullish, 2 somewhat bullish, and 8 indifferent ratings. The average 12-month price target for ZION has increased by 12.94% to $36.23.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 3:00 pm

Evercore ISI Group analyst John Pancari maintains an 'Outperform' rating on Zions Bancorp (NASDAQ:ZION) but lowers the price target from $44 to $41.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 2:46 pm

Wall Street trade associations are urging U.S. regulators to reconsider their proposed bank capital rules. The groups argue that the rules could potentially stifle competition and impede their competitive standing. The Financial Select Sector SPDR Fund (XLF) was 0.2% higher, Morgan Stanley (MS) was up 2.3%, while the SPDR Regional Banking ETF (KRE) fell 1.2%, with Zions Bancorporation (ZION) underperforming within the industry.

Portfolio Pulse from Piero Cingari

September 13, 2023 | 4:41 pm

The August inflation report has impacted several ETFs and stocks. The Consumer Discretionary Select Sector SPDR Fund (XLY) gained 0.4%, driven by Amazon (AMZN) and Tesla (TSLA). The VanEck Semiconductor ETF (SMH) increased by 0.9%, with Advanced Micro Devices (AMD) and Micron Technologies (MU) leading the sector. The Technology Select Sector SPDR Fund (XLK) saw a 0.5% increase, with Adobe (ADBE) registering a 3% gain. The SPDR Regional Banking ETF (KRE) slipped by 1%, with Zions Bancorporation (ZION) experiencing a 4.4% decline. The iShares 20+ Year Treasury Bond ETF (TLT) dipped 0.4%.

Portfolio Pulse from Piero Cingari

September 13, 2023 | 3:26 pm

Truist Securities analyst Jennifer Demba has reiterated a 'Buy' rating on Zions Bancorp (NASDAQ:ZION) and maintained a price target of $42.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 2:21 pm

Zions Bancorp shares are trading lower after the company's presentation at the Barclays Global Financial Services Conference.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 7:54 pm

Shares of Zions Bancorporation (ZION) are up by 6%. The company is set to present at the Barclays's Global Financial Services Conference on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 1:41 pm

The Federal Reserve is pushing for enhanced liquidity planning and addressing technology flaws in regional banks, following a series of bank failures this year. Banks such as Citizens Financial Group Inc., Fifth Third Bancorp, and M&T Bank Corp. have received confidential warnings. The regulatory scrutiny has also extended to Category IV banks, including KeyCorp, Huntington Bancshares Inc., Regions Financial Corp., and First Citizens BancShares Inc. This increased scrutiny could lead to higher costs for compliance and risk management for these banks.

Portfolio Pulse from Piero Cingari

August 30, 2023 | 7:05 pm

S&P has downgraded its rating on multiple US banks, leading to a decrease in the trading value of banks and financial services stocks.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 6:03 pm

S&P Global Ratings has downgraded the ratings of five US regional banks, namely Associated Banc-Corp, Comerica Inc., KeyCorp, UMB Financial Corp., and Valley National Bancorp, citing challenges in the current environment. The Federal Reserve's monetary policy is straining the funding, liquidity, and revenue of many US banks. River City Bank and S&T Bancorp Inc. have had their outlooks revised to negative. The SPDR S&P Regional Banking ETF has lost nearly 9% since the start of August and 25% year to date.

Portfolio Pulse from Piero Cingari

August 22, 2023 | 12:50 pm

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