Why Zions Bancorporation Stock Popped Today

Zions Bancorporation N.A. ZION stock is trading higher Thursday after the company reported second quarter earnings results.

What To Know: The company posted quarterly earnings of $1.11 per share, meeting the analyst consensus estimate. However, the figure represents a 13.95% decrease over earnings of $1.29 per share from the same period last year.

Several analysts issued price target changes on Thursday for the company.

• RBC Capital analyst Jon Arfstrom maintained Zions Bancorp with a Sector Perform and raised the price target from $32 to $37.
• Wedbush analyst Peter Winter maintained Zions Bancorp with a Neutral and raised the price target from $30 to $38.
• Goldman Sachs analyst Ryan Nash maintained Zions Bancorp with a Neutral and raised the price target from $30 to $37.
• Stephens & Co. analyst Terry McEvoy maintained Zions Bancorp with a Equal-Weight and raised the price target from $35 to $38.
• Morgan Stanley analyst Ken Zerbe maintained Zions Bancorp with a Equal-Weight and raised the price target from $26 to $27.

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ZION Price Action: Shares of ZION were up 9.79% at $37.84 at the time of publication, according to Benzinga Pro.

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