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Fly News Breaks for July 23, 2019
ZION
Jul 23, 2019 | 06:54 EDT
SunTrust analyst Jennifer Demba lowered her price target on Zions Bancorp to $52 after its Q2 earnings miss, saying the downside was driven by the lower than expected spread and fee income as well as a higher than expected loan loss provision. The analyst warns that revenue growth for Zions should be lower in the current interest rate environment, but keeps her Buy rating given the stock's "attractive" relative valuation and the management's efforts to reduce the bank's lending risk profile.
News For ZION From the Last 2 Days
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."
