ADVFN - Advanced Financial Network.
HOME» NASDAQ » Z » ZION Stock Price » ZION Stock News

Zions Bancorporation Share News

 Zions Bancorporation (mm) Stock Price
ZION Stock Price
 Zions Bancorporation (mm) Stock Chart
ZION Stock Chart
 Zions Bancorporation (mm) Stock News
ZION Stock News
 Zions Bancorporation (mm) Company Information
ZION Company Information
 Zions Bancorporation (mm) Stock Trades
ZION Stock Trades

Zions Bancorp 3Q Narrows As Loan-Loss Provisions, Credit Improves

DOW JONES NEWSWIRES Zions Bancorp's (ZION) third-quarter loss narrowed as the Utah-based regional bank's loan-loss provision continued to decline and credit quality improved. Shares were down 1.3%, at $21.07 in late trading, after climbing 3% in the regular session amid a rally in financial stocks. In recent quarters, many regional banks have been reporting easing charge-offs and loan-loss provision as the economy recovers. Zions Bancorp's credit-quality improvement earlier this year prompted the company to anticipate swinging to pretax profitability some quarter this year, which it failed to do again this period. As it reported its eighth quarterly loss in a row, Zions said its provisions for potential loan losses were $184.7 million, compared with $565.9 million a year earlier and $228.7 million in the second quarter. Net charge-offs, loans the bank doesn't expect to collect, dropped to 2.50% of annualized average loans from 3.65% and 2.64%, respectively. Nonperforming assets, or loans in danger of going bad, fell to 6.01% from 6.62% and 6.6% respectively. Zions reported a loss of $80.5 million, or 47 cents a share, compared with a year-earlier loss of $181.9 million, or $1.43 a share. The most recent period had 35% more shares outstanding. Analysts surveyed by Thomson Reuters predicted a 50-cent loss. Total interest income fell 7.9%, to $581.9 million. The level of loans and deposits both fell sequentially, with 1.2% and 1.3% drops, respectively. During the downturn, regional banks' performance was often closely linked to local real-estate markets. With operations in 10 Western and Southwestern states, Zions was exposed to some of the hardest hit housing markets. Zions turned to the government's Troubled Asset Relief Program to get through the worst of the downturn, taking $1.4 billion. The company has been boosting capital levels. In September, it revealed plans to sell warrants, which follows several equity-distribution deals. -By Joan E. Solsman, Dow Jones Newswires; 212-416-2291; joan.solsman@dowjones.com

Stock News for Zions Bancorporation (ZION)
DateTimeHeadline
03/21/201419:16:44Correction to Fed 'Stress Test' Stories on Thursday
03/21/201418:51:16Federal Reserve Revises Stress-Test Results -- 2nd Update
03/21/201417:43:36Federal Reserve Revises Stress-Test Results -- Update
02/13/201409:35:30U.S. Hot Stocks: Hot Stocks to Watch
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Largest -2-
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Holdings As Of -2-
11/15/201307:04:50Bridgewater Associates LP 3Q 13F: Largest Purchases
11/15/201307:04:49Bridgewater Associates LP 3Q 13F: Holdings As Of Sep 30
11/15/201306:57:24Millennium Management 3Q 13F: Holdings As Of Sep -2-
11/15/201306:57:23Millennium Management 3Q 13F: Holdings As Of Sep 30
07/23/201309:40:11U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
04/23/201307:20:10U.S. Stock Futures Slip; China, Germany Growth Fears
11/30/201208:40:44U.S. Treasury: Zions Bancorp Securities Sale to Reap $7.7 Million
05/03/201208:29:41Morgan Stanley Backs $300 Million Rooftop Solar Investment Fund
04/21/201200:20:37MARKET SNAPSHOT: U.S. Stock Gains Hinge On Apple, Blue-chip Results
01/24/201209:17:45US STOCK FUTURES: HOT STOCKS TO WATCH
07/18/201117:25:20Zions Bancorp Swings To 2Q Profit As Loan Demand Begins To Gain
04/19/201114:20:21Regional Banks Say Loan Growth Falls Short Of Their Hopes
04/18/201117:55:49Zions Swings To Unexpected Profit On Slim Loan-Loss Provision
03/15/201114:16:02Fears Of A Slower US Recovery Hit Regional Bank Stocks

Zions Bancorporation and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad