Zions Bancorp (ZION, Financial), a regional bank headquartered in Salt Lake City, experienced a significant stock drop of 5.02%. The shares are now valued at $57.32 with a trading volume of 1.07632 million and a turnover rate of 0.73%, indicating a price fluctuation amplitude of 3.65%.
According to the latest financial report, Zions Bancorp's revenue stood at $1.279 billion, with a net profit of $214 million and an earnings per share (EPS) of $1.39. The price-to-earnings (P/E) ratio is reported at 13.11. Analyst ratings reveal that among 25 institutions, 8% recommend buying, 84% suggest holding, and 8% recommend selling the stock.
The broader banking industry saw an overall decline of 1.57%. Within this sector, stocks like FinWise Bancorp, Loandepot, Inc., and HomeStreet Bank showed notable gains. Meanwhile, UWM Holdings Corporation, Grupo Supervielle S.A., and Rocket Companies, Inc. exhibited high trading activity with turnover rates of 2.34%, 1.92%, and 1.42%, respectively. Stocks such as Better Home & Finance Holding warrants, FinWise Bancorp, and American Century Bank exhibited significant price fluctuation amplitudes at 20.43%, 16.36%, and 11.99% respectively.
Zions Bancorp primarily operates in the western and southwestern United States, focusing on banking services for small to mid-sized businesses, with significant loan portfolios in commercial and commercial real estate sectors.
