Zions Bancorporation N.A. ($ZION) Stock Forecast: Up 5.1% Today

What is Zions Bancorporation N.A.?

Zions Bancorp (ZION) is a financial services company operating through its subsidiary Zions Bank, offering a range of banking services.

Why is Zions Bancorporation N.A. going up?

ZION stock is up 5.1% on Aug 5, 2024 17:40

• Bearish bets on ZION options initially caused uncertainty and volatility.
• Announcement of dividends on common and preferred stock may have instilled confidence in investors.
• Split sentiment among big-money traders and projected price targets indicate uncertainty and caution in the market, potentially influencing the bullish movement as traders adjust positions.

ZION Price Chart

ZION Technical Analysis

ZION News

Market Whales and Their Recent Bets on ZION Options

Investors with a lot of money to spend have taken a bearish stance on Zions Bancorp (NASDAQ: ZION ). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don''t know. But when something this big happens with ZION, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga ''s options scanner spotted 11 uncommon options trades for Zions Bancorp. This isn''t normal. The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish. Out of all of the special options we uncovered, 9 are puts, for a total amount of $1,063,673, and 2 are calls, for a total amount of $744,725. Projected Price Targets After evaluating the trading volumes and Open Interest, it''s evident that the major market movers are focusing on a price band between $30.0 and $47.5 for Zions Bancorp, spanning the last three months.

https://www.benzinga.com/insights/options/24/08/40141065/market-whales-and-their-recent-bets-on-zion-options

Zions Bancorporation sets dividends on common and preferred stock

https://www.investing.com/news/company-news/zions-bancorporation-sets-dividends-on-common-and-preferred-stock-93CH-3552811

https://www.investing.com/news/company-news/zions-bancorporation-sets-dividends-on-common-and-preferred-stock-93CH-3552811

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Zions Bancorporation N.A. Price History

13.01.2024 - ZION Stock was down 5.1%

• The company recently declared a quarterly dividend, leading to a decline in the stock's value when it went ex-dividend.
• The Chairman & CEO showed confidence in the company by purchasing shares.
• The current downward movement of the stock may be attributed to profit-taking by investors following a recent upward trend.

13.01.2024 - ZION Stock was down 5.1%

• A quarterly dividend payout announcement by the company affected the stock's trading, resulting in a decrease in value.
• The Chairman and CEO of the company demonstrated confidence in the company by acquiring a significant number of shares.
• The recent upward trend in the stock may have led some investors to engage in profit-taking, contributing to the bearish movement.

29.10.2023 - ZION Stock was up 6.3%

• Despite concerns about the regional banking sector being in crisis mode, ZION managed to defy the odds and show a bullish movement.
• The potential headwinds in the commercial real estate sector, which could negatively impact bank stocks tied to the regional business model, did not seem to affect ZION.
• The return-to-office pivot by big businesses may have contributed to the bullish movement of ZION, as it suggests a potential increase in economic activity and lending opportunities for banks.
• Contrarian investors who filtered out candidates for bank stocks with potential, like ZION, may have benefited from today's bullish movement.

16.10.2023 - ZION Stock was down 1.5%

• Despite the rally in Asian shares and positive economic data from China, ZION's bearish movement suggests that there may be specific factors impacting the stock.
• The contraction of Japan's economy and weakening private demand could have influenced investor sentiment towards ZION, leading to the bearish movement.
• It is possible that ZION's performance is more closely tied to domestic factors or company-specific news, rather than broader market trends.

10.09.2023 - ZION Stock was up 5.5%

• Jefferies Financial Group raised ZION's price target, indicating positive sentiment towards the stock.
• Zions Bancorporation offers stability with a strong underwriting profile, which could have contributed to the bullish movement.
• Despite challenges in the banking sector, ZION performed well in the third quarter, outperforming the S&P 500 returns. This positive performance may have boosted investor confidence in the stock.

18.09.2023 - ZION Stock was down 7.5%

• Zions Bancorporation appointed Margaret Mayer as its Chief Technology Officer, indicating a focus on technology transformation.
• ZION's earnings report is expected to be released soon, with analysts estimating an EPS of $1.14. Investors may be cautious ahead of the announcement.
• Zions Bancorporation reduced its stake in Vanguard FTSE Emerging Markets ETF, suggesting a shift in investment strategy.
• The article highlights Zions Bancorporation's low rate of non-performing loans, which could be a positive factor for the company. However, market flux and inefficiency may be impacting the stock's performance.

20.09.2023 - ZION Stock was down 5.2%

• Zions Bancorporation reported Q3 earnings decline despite beating estimates, which may have contributed to the bearish movement.
• The bank missed analyst estimates for net interest income and pre-provision net revenue (PPNR), causing the stock to drop.
• The increase in the cost of funds exceeded the increase in earning asset yields, leading to a decrease in PPNR.
• Despite the decline in earnings, Zions Bancorporation's outlook for net interest income remains stable, which could provide value for investors.

07.02.2024 - ZION Stock was up 5.5%

• ZION stock had a bullish movement as it was announced that the company will be replaced by Super Micro Computer (SMCI) in the S&P 500 index.
• The addition of Super Micro Computer to the S&P 500, known for its AI-optimized computer services, led to increased investor interest and positive sentiment in the market.
• Deckers Outdoor Corp (DECK) also joining the S&P 500 alongside SMCI contributed to the overall positive market movement.
• The market reacted favorably to these changes, indicating investor confidence in the growth potential of the newly added companies and their alignment with current market trends.

26.09.2023 - ZION Stock was up 5.5%

• Zions Bancorporation reported strong customer deposit growth in Q3, despite challenges from high interest rates and missed earnings estimates. This positive growth likely contributed to the bullish movement of ZION.
• Although Zions' Q3 earnings slightly missed expectations, leading to a decrease in market cap, analysts still see value in the stock and maintain a buy rating due to the bank's stable outlook for net interest income.
• The bank's PPNR and net interest income fell short of estimates, which may have initially caused a slight dip in the stock price. However, Zions' third-quarter earnings still beat the consensus estimate, indicating overall positive performance.
• The presentation by Zions Bancorporation's CFO at the BancAnalysts Association of Boston may have also generated positive sentiment and contributed to the bullish movement of ZION.

23.06.2024 - ZION Stock was up 5.9%

• ZION's stocks experienced a notable bullish trend in the market.
• The company surpassed earnings expectations for Q2, achieving an EPS of $1.28 and revenue of $597 million.
• Despite a drop in deposits, Zions Bancorp NA demonstrated growth in net interest margin and tangible book value.
• The optimistic financial performance, coupled with a successful core system upgrade to improve banking services, is believed to have driven the bullish market movement of ZION.

23.06.2024 - ZION Stock was up 6.8%

• The company's stock rose by 21% driven by impressive quarterly results surpassing sales and GAAP EPS expectations.
• Analysts increased their outlook for Zions Bancorp, citing enhancements in various areas such as net interest margin, expense control, credit quality, and capital standing.
• Baird's upgraded stock target and neutral position on Zions Bancorp post-strong Q2 results also played a role in the stock's positive performance.
• Factors contributing to the bullish trend in Zions Bancorp include a robust net interest margin, tangible book value growth, and overall optimism from the recent earnings call.

05.07.2024 - ZION Stock was up 5.1%

• Bearish bets on ZION options initially caused uncertainty and volatility.
• Announcement of dividends on common and preferred stock may have instilled confidence in investors.
• Split sentiment among big-money traders and projected price targets indicate uncertainty and caution in the market, potentially influencing the bullish movement as traders adjust positions.