Zions Bancorporation, National Association (ZION)
Zions Bancorporation: Solid Q2 With Minimal Credit Deterioration (Rating Upgrade)
Zions Bancorporation shares have risen 33% in the past year, with a 3.5% increase after solid Q2 results. ZION has seen growth in net interest income, aided by stable deposits, and modest loan growth, with improved liquidity given security maturities. The bank is well-capitalized, with a strong CET1 ratio, and may be a candidate for bank consolidation in the future.
Zions Bancorporation, National Association (ZION) Q2 2024 Earnings Call Transcript
Zions Bancorporation, National Association (NASDAQ:ZION ) Q2 2024 Earnings Conference Call July 22, 2024 5:30 PM ET Company Participants Shannon Drage - Senior Director of IR Harris Simmons - Chairman and CEO Ryan Richards - CFO Scott McLean - President and COO Conference Call Participants Manan Gosalia - Morgan Stanley John Pancari - Evercore ISI Ben Gerlinger - Citi Steven Alexopoulos - JPMorgan Ken Usdin - Jefferies Bernard Von Gizycki - Deutsche Bank Brandon King - Truist Securities Chris McGratty - KBW Christopher Spahr - Wells Fargo Samuel Varga - UBS Jon Arfstrom - RBC Capital Markets Operator Greetings, and welcome to the Zions Bancorp Q2 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Zions (ZION) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Zions (ZION) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Zions (ZION) Q2 Earnings and Revenues Top Estimates
Zions (ZION) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $1.11 per share a year ago.
Zions (ZION) Expected to Beat Earnings Estimates: Should You Buy?
Zions (ZION) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zions' (ZION) Solid Loans and Deposits Aid Amid Rising Costs
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 Reiterated by Moody's, Outlook Stable
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) Upgraded to Buy: Here's What You Should Know
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.
