Truist Financial analyst Brandon King maintains $Zions Bancorp (ZION.US)$ with a hold rating, and adjusts the target price from $52 to $57.
According to TipRanks data, the analyst has a success rate of 68.1% and a total average return of 15.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Zions Bancorp (ZION.US)$'s main analysts recently are as follows:
Zions Bancorp's Q3 earnings surpassed expectations in all categories, and the forward guidance suggests potential gains to the consensus EPS. An analyst has adjusted the 2025 EPS estimates upwards by 2%, factoring in an increased net interest income and reduced expenses.
Following the Q3 report, Zions Bancorp's performance exceeded expectations with net interest income, provisions, fees, expenses, and tax rate all surpassing consensus.
The company exhibited robust core trends, underscored by positive revenue movements and diligent management of expenses. Despite some ongoing risk migration in multifamily/commercial classifieds and non-performing assets, the bank's credit costs are still minimal, with expectations from management for controlled loss content in the future.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
