Zions Bancorporation: Solid Q2 With Minimal Credit Deterioration (Rating Upgrade)
Zions Bancorporation(ZION) Seeking Alpha·2024-07-23 20:48
StellaMc Shares of Zions Bancorporation (NASDAQ:ZION) have been a solid performer over the past year, rising about 33% and sitting near a 52-week high. Shares popped a further 3.5% after-hours on Monday after reporting solid Q2 results. I last covered Zions in January, rating shares a hold, and since then, they have performed in line with the market, rising by 16.4%. With significant liquidity and strong underwriting results, I am upgrading shares to a buy. Seeking Alpha In the company’s second quarte ...