KBW has updated its Zions Bancorporation ZION 4Q10 EPS estimates to include the negative impact of the accelerated amortization related to the sub debt conversion in November, which was partially mitigated by a revised expectation of a stronger NIM and lower provision based upon ZION's updated comments/guidance.
“We are lowering 4Q10 EPS $0.06 to a loss of $0.41, but raising '11 EPS by $0.05 to $0.45,” KBW writes.
Zions Bancorporation currently trades at $19.45.
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