|Day Low/High||45.19 / 46.28|
|52 Wk Low/High||38.08 / 54.76|
Trade-Ideas LLC identified Zions Bancorp (ZION) as a "roof leaker" (crossing below the 200-day simple moving average on higher than normal relative volume) candidate
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo are among the 24 members of the KBW Banking Index, which has seen a rebound since May 6. Here's why it's likely to be short-lived.
'Super regionals' PNC, Regions Financial and SunTrust provide more reliable upside potential and are less vulnerable to downward earning estimate revisions. Buy them.
You can't have a bull market for stocks if shares of major banks are in a bear market. The weekly chart for the banking index is negative right now.
According to the third-annual California Bank & Trust Small Business survey, an overwhelming majority of respondents (86%) felt that their business was moving in the right direction with 87% expecting growth over...
The most recent short interest data has been released by the NASDAQ for the 04/15/2014 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the S&P 500 by "days to cover." There are a number of ways to look at short data, for example the total number of shares short; but one metric that we find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares typically traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days it would take to close out all of the open short positions if every share traded represented a short position being closed.
Zions was a leading decliner within the banking industry, falling $0.61 (-2.0%) to $29.62 on average volume
TheStreet highlights 3 stocks pushing the financial sector lower today.
All regional and money center banks report their quarterly results in April. 'Too big to fail' JPMorgan Chase and Wells Fargo begin this earnings wave before the opening bell on Friday.
Driven by the belief that banking can be more engaging, convenient and efficient, California Bank & Trust (CB&T) launched a new website that enhances the CB&T customer experience and now offers mobile...
JPMorgan Chase, Wells Fargo and Commerce Bancshares begin earnings season for the 24 regional banks in the KBW Banking Index next week.
Regional Banks bounced back on Friday, ending a rough week for the banking sector in the wake of the Federal Reserve's stress tests.
Large-cap bank stocks were weak on the first day of trading after the Federal Reserve completed the second round of its annual stress tests.
U.S. stock futures rise ahead of jobless claims; Citigroup's capital plan is rejected by the Fed; Bank of America settles with the FHFA; Lululemon to report earnings.
Shareholders of Zions Bancorporation looking to boost their income beyond the stock's 0.5% annualized dividend yield can sell the January 2016 covered call at the $37 strike and collect the premium based on the $1.40 bid, which annualizes to an additional 2.5% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 3.1% annualized rate in the scenario where the stock is not called away. Any upside above $37 would be lost if the stock rises there and is called away, but ZION shares would have to climb 21.5% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 26.1% return from this trading level, in addition to any dividends collected before the stock was called.
Bank of America, PNC Financial and Regions Financial are the year-to-date leaders helped by favorable stress test results last week.
Zions Bancorporation (ZION) has been downgraded to "market perform" from "outperform" with a $30 price target, BMO Capital said Monday. The firm said the ratings revision was due to the failure of the stress test likely hanging over the stock for some time.
Most bank stocks end mixed after 29 of 30 banks pass the first round of the Federal Reserve's annual stress tests.
Trade-Ideas LLC identified Zions (ZION) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate
Bank of America passed the first round of the Federal Reserve's stress tests, but without much room to spare.
U.S. stock futures rise; 29 of 30 banks pass Fed's 'stress tests'; Turkey blocks access to Twitter; Tiffany reports a fourth-quarter loss; Symantec terminates CEO Steve Bennett.
The trading panel discussed stress tests and investors' next moves.
The Fed was upbeat about the results of its expanded round of bank stress tests, but Zions Bancorporation of Salt Lake City failed the test.
Trade-Ideas LLC identified Zions (ZION) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate
Zions (Nasdaq:ZION) has been upgraded by TheStreet Ratings from a hold to buy.
Upgrades: ALSN, BFIN, BOBE, CPLP, CSBK, DPZ, ESC, ETFC, MEET, MT, VOCS, ZION Downgrades: DXLG, ESV, MBI, TRIP, XOXO Initiations: None Read on to get TheStreet Quant Ratings' detailed report:
California Bank & Trust (CB&T), as part of Zions Bancorporation, received 12 Greenwich Excellence Awards for achievement in Small Business and Middle-Market banking.
The bank expects a major improvement in its ROE this year, with some analysts thinking EPS estimates must rise, which can drive the stock.
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