ZION - Zions Bancorporation: Respectable Results Stable Operator
2024-07-23 11:18:44 ET
Summary
- Zions Bancorporation, National Association's Q2 earnings beat estimates, handily.
- Loans grew and deposits dipped slightly.
- Margins widened.
- Return metrics sound, but asset quality shoots up some yellow flags.
We have been covering the banking sector earnings results this season because we believe that they are giving a clear reading on what to expect for both the economy and the markets as a whole. We got bullish on the sector as a whole in October 2023, and for the most part, the sector muddled along while investors collected some nice dividends. That is, until a few weeks ago, when financials started soaring as some potential clarity was seen for the U.S. Presidential Election....
Zions Bancorporation: Respectable Results, Stable Operator