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Investing.com - RBC Capital has raised its price target on Zions Bancorp (NASDAQ:ZION) to $62.00 from $57.00 while maintaining a Sector Perform rating on the stock. The bank’s shares currently trade at $57.06, having delivered an impressive 18% return over the past year.
The price target increase follows what RBC described as a "solid quarter" for Zions, which included a provision recapture that supported the bank’s financial results. According to InvestingPro analysis, the bank maintains a GOOD overall financial health score and appears undervalued based on its Fair Value model.
RBC noted several positive factors in Zions’ performance, including core margin expansion, solid fee trends, and improving loan growth. The bank has maintained dividend payments for 55 consecutive years, currently offering a 3.04% yield, with InvestingPro data showing 12 consecutive years of dividend increases.
The bank’s updated guidance indicates strengthening revenue trends with a corresponding increase in expenses, according to RBC’s analysis.
RBC identified margin tailwinds, stronger loan trends, and growing capital markets contributions as key drivers behind Zions’ improved outlook, leading to the adjustment in price target.
In other recent news, Zions Bancorporation reported strong financial results for Q2 2025, significantly exceeding both earnings and revenue forecasts. The company’s earnings per share reached $1.63, surpassing the anticipated $1.31, while revenue totaled $838 million against a projected $811.06 million. Analysts from Keefe, Bruyette & Woods raised their price target for Zions Bancorp to $63, noting the bank’s solid quarter with earnings exceeding expectations. DA Davidson also increased their price target to $66, maintaining a Buy rating, as the bank’s management updated their revenue outlook positively. Jefferies upgraded Zions Bancorp from Underperform to Hold, raising the price target to $60, citing improved growth drivers such as loans and net interest income. UBS reiterated a Neutral rating with a $58 price target, highlighting a favorable revenue outlook. These developments reflect a constructive view on Zions Bancorp’s financial health and growth prospects.
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