(ZION) Zions Bancorp- Bear of the Day

September 4th, 2009

While Zions Bancorp (ZION) net interest margin and deposit growth remain satisfactory, credit quality continues to deteriorate, necessitating high levels of loss provisions.

The company has been successful in enhancing capital ratios and making efforts on the cost control front, but the credit ratings agencies appear to be unimpressed. Ongoing weakness in the southwestern residential real estate markets, where the company has a significant exposure, continues to hurt the results.

Based on our concerns for further credit deterioration, particularly in the construction portfolio, we are maintaining our Underperform recommendation on the stock.

Zacks Investment Research
View original at: Zacks.com News Feed

More on this topic (What's this?)
ZION (Samurai Trader, 3/10/10)
Stocks To Trade Today - 02/06/09 (Navivest Stocks and Options Blog, 2/6/09)
Initiating Position: Zions Bancorp (ZION) (studentofmarkets.com, 10/20/08)
Closing Position - ZION (studentofmarkets.com, 10/23/08)
Read more on Zions Bancorporation at Wikinvest


Similar Posts: | | Financial | Regional - Pacific Banks

RSS feeds: ZION | Zions Bancorp | Financial | Regional - Pacific Banks |

Other Posts by vitalstocks | RSS Feed for this author

Post a Response

You must be logged in to post a comment.