Evercore ISI Downgrades Zions Bancorp (ZION) to Hold

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Go back to Evercore ISI Downgrades Zions Bancorp (ZION) to Hold

Zions Bancorporation Reports First Quarter Financial Results

April 25, 2016 4:10 PM EDT

SALT LAKE CITY, April 25, 2016 /PRNewswire/ -- Zions Bancorporation (NASDAQ: ZION) ("Zions" or "the Company") today reported net earnings applicable to common shareholders for the first quarter of 2016 of $78.8 million, or $0.38 per diluted common share, compared to net earnings applicable to common shareholders of $88.2 million, or $0.43 per diluted common share, for the fourth quarter of 2015 and $75.3 million, or $0.37 per diluted common share, for the first quarter of 2015.

Harris H. Simmons, Chairman and CEO, commented, "We continue to generate strong growth in pre-provision net revenue, reflecting operating leverage improvement resulting from... More