Zions Bancorporation (ZION) Releases Quarterly Earnings Results, Misses Expectations By $0.22 EPS - InvestingChannel

Zions Bancorporation (ZION) Releases Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Zions Bancorporation (NASDAQ: ZION) released its earnings data on Monday. The company reported $0.19 earnings per share for the quarter, missing the analysts? consensus estimate of $0.41 by $0.22. During the same quarter last year, the company posted $0.30 earnings per share.

ZION has been the subject of a number of recent research reports. Analysts at RBC Capital reiterated an ?outperform? rating on shares of Zions Bancorporation in a research note to investors on Thursday, January 10th. They now have a $25.00 price target on the stock. On the ratings front, analysts at JPMorgan Chase downgraded shares of Zions Bancorporation from an ?overweight? rating to a ?neutral? rating in a research note to investors on Thursday, January 10th. They now have a $24.00 price target on the stock, down previously from $25.00. They noted that the move was a valuation call. Finally, analysts at Barclays Capital reiterated an ?equalweight? rating on shares of Zions Bancorporation in a research note to investors on Wednesday, January 9th. They now have a $25.00 price target on the stock. Shares of Zions Bancorporation (ZION) traded down 0.39% during mid-day trading on Monday, hitting $22.89. Zions Bancorporation (ZION) has a 52 week low of $16.51 and a 52 week high of $23.06. The stock?s 50-day moving average is currently $21.67. The company has a market cap of $4.216 billion and a P/E ratio of 22.69. Zions Bancorporation is a financial holding company. The Company focuses on providing community banking services by continuously strengthening its core business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage; trust and wealth management, and investment activities.