Zions (ZION) remains well-positioned for growth, given the solid loans and deposits, higher rates and stabilizing deposit costs. Yet, rising expenses and poor asset quality remain woes.
Zions' (ZION) ratings and outlook are affirmed by Moody's. It indicates solid asset quality and liquidity profile, while concerns remain in the form of CRE concentration and profitability pressures.
Zions (ZION) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.