Zions Bancorporation (ZION) is Upgraded by Jefferies to Buy

Zions Bancorporation (ZION) was Upgraded by Jefferies to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Jefferies advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on Zions Bancorporation. Zions Bancorporation was Downgraded by Macquarie to ” Neutral” on Nov 22, 2016. Zions Bancorporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Nov 16, 2016. Zions Bancorporation was Downgraded by Bernstein to ” Mkt Perform” on Nov 16, 2016.

On the company’s financial health, Zions Bancorporation reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Oct 24, 2016. Analyst had a consensus of $0.50.Analysts expectations of $ 602.16.During the same quarter in the previous year, the company posted $0.41 EPS.

Zions Bancorporation closed down -0.02 points or -0.05% at $39.1 with 9,46,332 shares getting traded on Friday. Post opening the session at $39.09, the shares hit an intraday low of $38.79 and an intraday high of $39.23 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Nov 22, 2016, Edward Schreiber (Chief Risk Officer) sold 8,000 shares at $37.80 per share price. According to the SEC, on Nov 22, 2016, Bruce K Alexander (Exec VP and) sold 3,347 shares at $38.33 per share price. On Nov 22, 2016, Dianne R James (Executive Vice President) sold 4,259 shares at $38.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31 2014. The Company provides banking and related services through its banking and other subsidiaries primarily in Arizona California Colorado Idaho Nevada New Mexico Oregon Texas Utah Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities including municipal finance advisory and underwriting and investment activities.

Zions Bancorporation

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