Stock in Focus: Zions Bancorporation, National Association (ZION)

Company Profile:

Zions Bancorporation, National Association is one of the nation’s premier financial services companies with annual net revenue of $2.8 billion in 2019 and more than $70 billion of total assets. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Bank is a consistent national and statewide leader of customer survey awards in small and middle-market banking, as well as a national leader in Small Business Administration lending and public finance advisory services. In addition, Zions is included in the S&P 500 and NASDAQ Financial 100 indices. The company was founded in 1873 and is headquartered in Salt Lake City, Utah.

Recent News:

The company reported net earnings applicable to common shareholders for the second quarter of 2020 of $57 million, or $0.34 per diluted common share, compared with net earnings applicable to common shareholders of $189 million, or $0.99 per diluted common share, for the second quarter of 2019.

Its board of directors declared a regular quarterly dividend of $0.34 per common share, payable August 20, 2020 to shareholders of record on August 13, 2020.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

ZION’s strengths can be seen in its better growth and strong profitability compared with its peers. Its revenue and net income have increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI stands at 54.30 with positive bias. We rate Zions Bancorporation, National Association (ZION) a STRONG BUY.

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