Zions Bancorp

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Faring much better than Bank of America this year is Zions Bank ( ZION). The Utah-based regional bank does not have nearly the bad loan exposure of BofA, and as a result its shares have held up relatively well in 2011. Year-to-date, Zion is down less than 5%.

Helping support share price is Zion's operating performance. In the latest quarter ended March 31, the company beat profit estimates by a solid 26 cents per share. Analysts had been forecasting a loss in the period, but the company managed to make 8 cents per share.

For the full year, the average Wall Street estimate calls for Zion to make a profit of 45 cents per share. Reflecting the profit-making environment supported by the Federal Reserve, those profits jump nearly 300% to $1.78 per share next year. With shares trading for only 13 times 2012 estimates, Zion's is a stock to own.

Zions shows up on a recent list of 5 Bank Stocks Analysts Are Upgrading.

If you liked this article you might like

14 Bank Stocks That Will Either Surge or Do Nothing

Winners and Losers of the Fed's 2017 Bank Stress Tests

Here's How to Play New Fed Stress Tests on the 34 Biggest U.S. Banks

Mid-Cap Bank M&A Could Surge as GOP Looks to Overhaul Financial Regulations

Here's Why Mid-Sized Bank Stocks Could Get a Boost