Compass Point analyst Dave Rochester maintains $Zions Bancorp (ZION.US)$ with a hold rating, and adjusts the target price from $43 to $54.
According to TipRanks data, the analyst has a success rate of 66.7% and a total average return of 10.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Zions Bancorp (ZION.US)$'s main analysts recently are as follows:
The recent quarterly earnings per share for Zions Bancorp surpassed expectations across various metrics, and the guidance looking forward suggests potential earnings above current street estimates. This has led to an anticipation of increased net interest income and reduced expenses, prompting a slight enhancement in the earnings forecast for 2025.
Following the Q3 report, Zions Bancorp's earnings surpassed expectations with net interest income, provision, fees, expenses, and tax rate all outperforming consensus, according to an analyst.
The robust core trends of Zions Bancorp, characterized by positive revenue trajectories and disciplined expense oversight, were underscored as principal elements in the bank's recent performance. Despite some ongoing risk migration in sectors like multifamily and commercial classifieds, coupled with non-performing assets, the bank's credit expenses have remained modest. Furthermore, there is an anticipation that loss content will be effectively managed in the foreseeable future.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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