Zions Bancorp NA
ZION: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$39.00 | Jwxw | Clcxjwhk |
Zions Earnings: Strong Net Interest Income Performance, Mixed Credit Trends
Zions Bancorporation reported a decent second quarter. Net interest income trends were strong, loan growth trends were robust, but credit trends were mixed. Overall, there was little that would alter our long-term view of the firm, and we will maintain our fair value estimate of $56 and no-moat rating.