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Investing.com - Keefe, Bruyette & Woods has reiterated its Market Perform rating and $64.00 price target on Zions Bancorp (NASDAQ:ZION) following the bank’s quarterly results.
The research firm noted a "solid PPNR beat across the board" in Zions’ performance, with strong asset quality trends showing only 4 basis points of net charge-offs, excluding a previously disclosed isolated charge-off. The bank has maintained its strong dividend track record, having raised dividends for 12 consecutive years and maintained payments for 55 straight years.
Zions stock has recovered approximately 9% of its 13% decline from late last week, according to the research note.
Keefe, Bruyette & Woods has revised its earnings estimates upward, increasing projections by 3% for 2026 and 4% for 2027, citing guidance for the third quarter of 2026 that points to pre-provision net revenue upside compared to their previous model.
The firm expects Zions and mid-cap banking peers to perform well based on the pre-provision net revenue trends and credit discussion.
In other recent news, Zions Bancorporation reported its third-quarter 2025 earnings, surpassing both earnings per share (EPS) and revenue forecasts. The company achieved an EPS of $1.48, slightly higher than the expected $1.46. Additionally, Zions’ revenue reached $872 million, exceeding the anticipated $843.1 million. These results highlight the company’s strong financial performance in the recent quarter. The earnings report has drawn attention from investors, as such performance often indicates stability and growth potential. While the earnings results are a significant focus, it is also important to consider the broader context of the financial sector’s performance. Investors often look for such positive earnings surprises as indicators of a company’s operational efficiency and market position. Analyst firms may adjust their outlook based on these results, reflecting the company’s current financial health.
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