|Day Low/High||49.48 / 49.79|
|52 Wk Low/High||38.08 / 51.81|
The bank expects a major improvement in its ROE this year, with some analysts thinking EPS estimates must rise, which can drive the stock.
Stocks with insider trader activity include UNP, QCOR and ZION
Goldman Sachs upgrades Zions Bancorp (ZION) to 'neutral' from 'sell,' raising its price target to $33 from $29.
Stocks with insider trader activity include AINV, LLTC, ZION, MDSO and ABG
Stocks with insider trader activity include LLL, PIR, HSY, VNTV and ZION
Zions was a winner within the banking industry, rising $0.63 (2.2%) to $29.56 on average volume
Most bank stocks traded sideways on Monday, although Federal Reserve data boded well for 2014 loan-growth forecasts.
Stocks with insider trader activity include ZION, JNPR, STI, N and P
Zion Bancorp (ZION) receives an upgrade to "buy" from "neutral" from DA Davidson in a valuation call.
Zions (Nasdaq:ZION) has been downgraded by TheStreet Ratings from from a buy to hold.
Only two of the 24 regional bank index components are higher post earnings: Bank of America is up 5% and PNC is up just 1%.
In trading on Monday, shares of Zions Bancorporation crossed below their 200 day moving average of $28.50, changing hands as low as $28.11 per share. Zions Bancorporation shares are currently trading down about 2.2% on the day.
Upgrades: AMRE, HFBC, IMCB, MFNC, SCX, SLCA, UQM Downgrades: CJES, LULU, PCL, STFC, TNAV, ZION Initiations: SMTP Read on to get TheStreet Quant Ratings' detailed report:
Stocks with insider trader activity include MNRO, CSOD, ZION, NVR and WWD
In trading on Friday, shares of Zions Bancorporation crossed below their last reported book value — defined as common shareholder equity per share — of $28.87, changing hands as low as $28.75 per share. Zions Bancorporation shares are currently trading off about 1.4% on the day.
After a tough week for the stock market earnings continue this week with Pfizer, Swift Transport, US Steel and Zions Bancorp.
Several large regional banks saw significant stock-price increases on Tuesday, as earnings reports continued to flow.
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
Regulators decide not to force banks to sell their investments in CDOs backed by trust preferred securities, staving off huge writedowns.
The most recent short interest data has been released by the NASDAQ for the 12/31/2013 settlement date, which shows a 1,718,863 share decrease in total short interest for Zions Bancorporation , to 12,504,244, a decrease of 12.09% since 12/13/2013. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
The banking sector outperformed the broad market Monday, as disappointing economic reports at home and in China pushed the broad market down.
A year ago 17 of the 24 regional banks in the banking index had buy or strong buy ratings. This year begins with all 24 sporting hold ratings.
Community Bank Systems sold securities that may be banned under the Volcker Rule, rather than waiting for a decision from regulators.
Regulators will decide by Jan. 15 whether to force scores of community banks to book painful year-end losses as they write down banned CDOs.
Accounting rules could force many community banks to take significant losses on securities banned by regulators on Dec. 10, possibly putting some banks out of business.
The banks appear to have nothing to lose if they sue federal regulators for a clearer set of regulations or a delayed implementation of the Volcker Rule.
Financial sector scandals have burned investors. But there is a way to own financials and still avoid the most troubled companies.
Stocks of major U.S. banks headed lower on Tuesday as the Federal Open Market Committee began its two-day policy meeting.
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