EPS risk moves Zions Bancorp (ZION) to Underweight at J.P. Morgan

JPMorgan Downgrades Zions Bancorp (ZION) to Underweight, 'we see very low chance of the company doing better...'

(Updated - January 25, 2023 5:04 AM EST)

JPMorgan analyst Steven Alexopoulos downgraded Zions Bancorp (NASDAQ: ZION) from Neutral to Underweight with a price target of $46.00 (from $49.00).

The analyst comments "Underlying our bearish sector call is that we see the regional banks as being at risk of seeing negative EPS revisions in coming quarters. To this end, with the guidance that Zions provided on the 4Q22 earnings call (which appears to have been largely followed by the Street), post the quarter we can add Zions to the group of banks... More

S&P 500 cuts losses as earnings season heats up ahead of Microsoft earnings

By Yasin Ebrahim

Investing.com -- The S&P 500 cut the bulk of losses Tuesday, but investors had to contend with wild swings as tech took a breather and investors digested a slew of mixed quarterly results ahead of earnings from Microsoft.

The S&P 500 was flat, Dow Jones Industrial Average gained 0.3%, or 107 points, and the Nasdaq Composite was down 0.24%.

Tech was roughly unchanged on the day as gains in Apple (NASDAQ: AAPL)... More

After-hours movers: HighPeak Energy jumps on strategic review

After-Hours Stock Movers:

Verb Technology Company, Inc. (NASDAQ: VERB) 28% LOWER; announced that it intends to offer its shares of common stock without warrants in a public offering. Aegis Capital Corp. is acting as the sole book-running manager for... More

Zions Bancorp (ZION) Tops Q4 EPS by 19c

Zions Bancorp (NASDAQ: ZION) reported Q4 EPS of $1.84, $0.19 better than the analyst estimate of $1.65. Revenue for the quarter came in at $873 million versus the consensus estimate of $865.83 million.

For earnings history and earnings-related data on Zions Bancorp (ZION) click here.