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Fly News Breaks for June 2, 2015
ZION
Jun 2, 2015 | 07:22 EDT
After Zions announced a corporate restructuring, along with expense saving and revenue growth initiatives, RBC Capital thinks the moves should significantly improve its return on tangible common equity over time. The firm believes that the company has significant positive operating leverage going forward, and it increased its price target on the name to $32 from $30 while maintaining an Outperform rating.
News For ZION From the Last 2 Days
ZION
Apr 25, 2024 | 07:20 EDT
ZION
Apr 23, 2024 | 07:15 EDT
ZION
Apr 23, 2024 | 06:46 EDT
UBS lowered the firm's price target on Zions Bancorp to $45 from $47 and keeps a Neutral rating on the shares. While "impressed" by Zions' ability to control deposit costs in a competitive backdrop, the firm thinks the liability sensitive positioning potentially puts the bank in "a precarious spot" in a higher-for-longer rate scenario and coming out of Q1 earnings the firm says it gets the sense that the net interest income trajectory from here is "well understood by the Street."
