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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
07/08/2024 11:16:00 EST
Zions Bancorporation (ZION)
Industry: Banks - Regional
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, ZION has been trading in a range between $43.37 and $40.70 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
ZION is trading between resistance at $43.19 about 0% to the upside and support at $41.40 -4% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $45.67, about a 6% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Zions Bancorporation $ZION entered a Green zone 6 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $37.74, a potential down side of -11.18% from the recent price of 42.49. The stock is trading 7.18% (potential upside) below its 52 week high of $45.54 and 55.64 % (potential downside) above its 52 week low of $27.30 - based on the recent price.
Company Summary
Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments. The company offers commercial and small business banking services to small- and medium-sized businesses, such as commercial, industrial, and owner-occupied lending and leasing; municipal and public finance services; depository account and cash management services; commercial and small business cards; merchant processing services; corporate trust services; and correspondent banking and international lending services.
News
| Zions' (ZION) Solid Loans and Deposits Aid Amid Rising Costs Zions (ZION) remains well-positioned for growth, given the solid loans and deposits, higher rates and stabilizing deposit costs. Yet, rising expenses and poor asset quality remain woes. Source: Zacks Investment Research Thu, 04 Jul 2024 09:50:39 -0400 Sentiment: Positive |
| These numbers show that banks' risk from office real estate has been exaggerated By now you have probably seen myriad headlines about an alarming level of risk that banks are facing from potential losses on their portfolios of loans secured by office buildings. But there are fallacies in many media reports. Source: Market Watch Thu, 13 Jun 2024 09:20:00 -0400 Sentiment: Positive |
| Zions' (ZION) Ratings Reiterated by Moody's, Outlook Stable Zions' (ZION) ratings and outlook are affirmed by Moody's. It indicates solid asset quality and liquidity profile, while concerns remain in the form of CRE concentration and profitability pressures. Source: Zacks Investment Research Fri, 07 Jun 2024 08:41:05 -0400 Sentiment: Positive |
| Zions (ZION) Upgraded to Buy: Here's What You Should Know Zions (ZION) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. Source: Zacks Investment Research Mon, 03 Jun 2024 13:01:20 -0400 Sentiment: Positive |
| ZIONS BANCORPORATION'S BOARD DECLARES DIVIDENDS ON COMMON AND PREFERRED STOCK SALT LAKE CITY , April 26, 2024 /PRNewswire/ -- Zions Bancorporation, N.A. (NASDAQ: ZION) announced today that its board of directors ("board") declared a regular quarterly dividend of $0.41 per common share, payable May 23, 2024, to shareholders of record at the close of business on May 16, 2024. Source: PRNewsWire Fri, 26 Apr 2024 13:53:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 45.54 52 Week Low: 27.8365 Beta: 1.102 50 Day MA: 42.5854 200 Day MA: 39.6665 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.278 Qtr Revenue Growth YOY: -0.082 Forward PE: 9.9404 Trailing PE: 10.6759