On Oct 23, major Wall Street analysts update their ratings for $Zions Bancorp (ZION.US)$, with price targets ranging from $51.5 to $57.
Morgan Stanley analyst Manan Gosalia maintains with a hold rating, and adjusts the target price from $54 to $56.
Barclays analyst Jason Goldberg maintains with a sell rating, and adjusts the target price from $47 to $52.
Wells Fargo analyst Mike Mayo maintains with a hold rating, and maintains the target price at $54.
Evercore analyst John Pancari maintains with a buy rating, and maintains the target price at $56.
Wedbush analyst David Chiaverini maintains with a hold rating, and adjusts the target price from $52 to $55.
Furthermore, according to the comprehensive report, the opinions of $Zions Bancorp (ZION.US)$'s main analysts recently are as follows:
Zions Bancorp's third-quarter earnings per share were described as surpassing expectations on all fronts, with future guidance suggesting potential gains compared to street estimates. Consequently, expectations for the company's 2025 earnings per share have been marginally increased, factoring in an anticipated rise in net interest income accompanied by a decrease in expenses.
Following Zions Bancorp's Q3 report, it's noted that the bank's earnings exceeded expectations, with net interest income, provisions, fees, expenses, and tax rate all surpassing the consensus estimates.
Zions Bancorp's third-quarter earnings surpassed expectations, underscored by robust core trends. Notable highlights include positive revenue tendencies and disciplined management of expenses. Some risks persist in multifamily and commercial classifieds along with non-performing assets, yet the bank maintains minimal credit costs and anticipates that the content of losses will be managed effectively over time.
The firm mentioned that Zions Bancorp's core pre-provision net revenue exceeded expectations, and the provided guidance suggests potential for positive performance. Additionally, it was noted that credit quality remains robust.
Zions Bancorp's recent financial performance exceeded expectations primarily due to gains in capital markets and net interest income. Despite the better than anticipated net interest income, the company's profile for rate sensitivity is consistent and remains elevated when compared to its peers. The guidance language remains the same, albeit starting from an improved position.
Here are the latest investment ratings and price targets for $Zions Bancorp (ZION.US)$ from 9 analysts:
Note:
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