Zions Bancorp NA (NAS:ZION)
$ 60.52 -0.16 (-0.26%) Market Cap: 8.94 Bil Enterprise Value: 7.56 Bil PE Ratio: 13.79 PB Ratio: 1.50 GF Score: 71/100

Zions Bancorporation NA at Morgan Stanley US Financials, Payments, and CRE Conference Transcript

Jun 13, 2023 / 11:30AM GMT
Release Date Price: $29.77 (-1.55%)
Manan Gosalia
Morgan Stanley, Research Division - Equity Analyst

All right. Good morning. Welcome to day 2 of the MS U.S. Financials Conference. We're delighted to have with us today from Zions, Scott McLean, President and COO; and James Abbott, Head of IR. Thanks so much for joining us.

Scott J. McLean
Zions Bancorporation, National Association - President, COO & Director

Thanks, Manan. Thank you.

Questions & Answers

Manan Gosalia
Morgan Stanley, Research Division - Equity Analyst

So Scott, James, maybe let's get straight to it. We saw the new deck last night. So you revised down the 12-month forward NII guide from moderately decreasing -- the decreasing and that you also expect NIMs to be in the 2.85% range for 2Q '23. Can you just speak to that and maybe speak to the drivers of that change?

Scott J. McLean
Zions Bancorporation, National Association - President, COO & Director

Yes. No, happy to. And before we start, I just want to express our

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