Zions Bancorporation (ZION): Today's Featured Banking Laggard
(
) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Zions fell $0.70 (-2.2%) to $30.46 on heavy volume. Throughout the day, 3,165,885 shares of Zions exchanged hands as compared to its average daily volume of 2,054,800 shares. The stock ranged in price between $30.44-$31.29 after having opened the day at $31.16 as compared to the previous trading day's close of $31.16. Other companies within the Banking industry that declined today were:
(
), down 13.0%,
(
), down 10.9%,
(
), down 5.0% and
(
), down 4.6%.
Zions Bancorporation, a financial holding company, provides banking and related services in the United States. Zions has a market cap of $5.7 billion and is part of the financial sector. Shares are up 45.6% year to date as of the close of trading on Monday. Currently there are 6 analysts that rate Zions a buy, 1 analyst rates it a sell, and 11 rate it a hold.
TheStreet Ratings rates
Zions
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, expanding profit margins, solid stock price performance, notable return on equity and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Zions Ratings Report.
On the positive front,
(
), up 14.1%,
(
), up 8.9%,
Royal Bank of Scotland Group (The
(
), up 5.7% and
(
), up 5.4% , were all gainers within the banking industry with
(
) being today's featured banking industry leader.
- Use our banking section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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