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ZION - Zions Bancorporation: Earnings Likely To Surge But Stock Price Is High
Zions Bancorporation N.A.
The allowance level is still high enough to easily cover loan losses despite the big reserve release in the first quarter. Hence, the provision expense will remain subdued.
Low-yielding earning assets will likely continue to grow strongly. This will pressurize the margin but overall will increase the income.
The year-end target price suggests a small upside from the current market price. Further, ZION is offering a modest dividend yield.