ZION - Zions Bancorporation shares rise after board approves $50M stock buyback
- Zions Bancorporation ( NASDAQ: ZION ) stock rose 2.5% in Friday afternoon trading after the company's board approved a plan to buy back up to $50M of shares of its common stock in Q1 2023.
- The board also declared a regular quarterly dividend of $0.41 per common share, the same as its previous dividend.
- Earlier this week, Zions ( ZION ) reported better-than-expected Q4 results, but expects moderately higher noninterest expenses in 2023.
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Zions Bancorporation shares rise after board approves $50M stock buyback