Zions Bancorporation N.A. (NASDAQ:ZION) is set to announce second quarter earning results on Monday 20th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ZION to report 2Q20 income of $ 0.37 per share.
For the full year, analysts anticipate top line of $ 2818.13 million, while looking forward to income of $ 1.99 per share bottom line.
Previous Quarter Performance
Zions Bancorporation N.A. reported income for the first quarter of $ 0.04 per share, from the revenue of $ 682.00 million. The quarterly earnings dropped 96.15 percent while revenues contracted 3.67 percent compared with the same quarter last year.
According to street consensus, ZION was expected to report 1Q20 income of $ 0.56 per share from revenue of $ 681.67 million. The bottom line results missed street analysts by $ 0.52 or 92.86 percent, at the same time, top line results outshined analysts by $ 0.33 million or 0.05 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ZION was $ 32.56, representing a 38.08 % increase from the 52 week low of $ 23.58 and a 37.96 % decrease over the 52 week high of $ 52.48.
The company has a market capital of $ 5.34 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 10th July 2020, maintained by Bank of America at Neutral rating, with $ 39.00 target price.
On 8th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 41.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.34 per share on May 1, 2020. The dividend were payable on May 21, 2020 to holders of record as of the close of business on May 8, 2020 and ex-dividend date on May 7, 2020.
Conference Call
Zions Bancorporation N.A. will be hosting a conference call at 5:30 PM eastern time on 20th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.zionsbancorporation.com
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services. It also offers personal banking services to individuals, including home mortgages, bankcards, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit of various types and maturities, trust services, safe deposit facilities, and Internet and mobile banking services.
