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

Wells Fargo analyst Mike Mayo maintains an Equal-Weight rating on Zions Bancorp (NASDAQ:ZION) and raises the price target from $44 to $52.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:49 am

RBC Capital analyst Jon Arfstrom maintains a Sector Perform rating on Zions Bancorp (NASDAQ:ZION) and raises the price target from $48 to $54.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:40 am

Baird analyst David George maintains a Neutral rating on Zions Bancorp (NASDAQ:ZION) and raises the price target from $50 to $52.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 11:10 am

Zions Bancorp reported Q2 2024 GAAP EPS of $1.28, surpassing the estimated $1.09.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:13 pm

Zions Bancorp (NASDAQ:ZION) reported Q2 sales of $776 million, beating the analyst consensus estimate of $759.379 million by 2.19%. However, this represents a 0.51% decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 8:10 pm

Goldman Sachs analyzed Q2 2024 earnings for several regional banks, including KeyCorp, M&T Bank, Regions Financial, Truist Financial, U.S. Bancorp, and Zions Bancorp. The report highlighted mixed results, growth projections, and credit performances, with varying impacts on each bank's outlook.

Portfolio Pulse from Henry Khederian

July 19, 2024 | 4:31 pm

Mastercard Inc is collaborating with major U.S. banks and financial institutions to test a shared-ledger technology for the unified settlement of tokenized assets, aiming to simplify and speed up transactions while reducing errors and fraud. The technology supports commercial bank money, wholesale central bank money, and securities like investment-grade debt on a single system. Participants include Citigroup Inc, JPMorgan Chase & Co, US Bancorp, Wells Fargo & Co, Visa Inc, Swift, TD Bank NA, Zions Bancorp, with contributions from Bank of New York Mellon Corp and the International Swaps and Derivatives Association. Mastercard's stock gained 18% in the last 12 months, and investors can also gain exposure through IShares U.S. Financial Services ETF and Fidelity MSCI Financials Index ETF.

Portfolio Pulse from Anusuya Lahiri

May 08, 2024 | 5:05 pm

Corporate earnings have recently uplifted the market, overcoming rate fears. The upcoming week features earnings reports from major companies including Apple and Amazon, which could significantly influence market trends. Analysts anticipate Apple to report a slight earnings beat but expect a lower revenue guide for the June quarter, while Amazon is expected to continue showing strong sales and profit growth. The performance of these companies, especially in sectors like e-commerce, tech, and healthcare, will be closely watched for their impact on the S&P 500 Index.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 5:51 am

Analysts have varied views on Zions Bancorp (NASDAQ:ZION), with recent ratings ranging from neutral to sector perform. The average 12-month price target is $46.22, up from $44.94, with actions including both raises and lowers by firms such as UBS, RBC Capital, and Deutsche Bank. Zions Bancorp, a regional U.S. bank, faces challenges in revenue growth and net margin but excels in ROE. Its market capitalization and debt management indicate a conservative financial approach.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 9:00 pm

Zions Bancorporation, N.A. (NASDAQ:ZION) reported Q1 FY24 results with a revenue decline of 11.6% year-on-year to $742 million, missing estimates by a slight margin. However, its adjusted EPS of $1.03 exceeded expectations. The company saw a 33% decline in PPNR, but loans, leases, and total deposits showed growth. Following the earnings announcement, RBC Capital raised its price target on ZION from $46 to $47, while UBS lowered its target from $47 to $45.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 3:39 pm

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