ZION - Why Zions Bancorp Stock Rose 17.9% This Week
2023-05-19 14:32:02 ET
Zions Bancorp (NASDAQ: ZION) bounced back this week, as its stock price jumped 17.9% as of Friday at 1:30 p.m. ET, according to S&P Global Market Intelligence . The stock had been up as much as 23.3% during the week. However, the stock remains down about 46% year to date as of Friday at 1:30 p.m. ET, trading at around $26 per share.
The markets were up this week, as the S&P 500 gained 1.7%, the Dow Jones Industrial Average rose 0.5%, and the Nasdaq Composite climbed 3.1% this week, as of Friday at 1:30 p.m. ET.
There has been a lot of bad news for bank stocks this year, particularly regional banks, but some good news helped to lift the industry this week.
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Why Zions Bancorp Stock Rose 17.9% This Week