Zions Bancorporation (NASDAQ:ZION), a Salt Lake City, Utah-based commercial bank, reported fiscal fourth quarter earnings on Monday afternoon.
ZION Earnings
ZION stock analysts — there are 21 covering the company — were looking for earnings per share of 42 cents in Q4 2015, up 16.6% from the 36 cents per share it earned in Q4 2014.
Here are the actual numbers ZION reported Monday afternoon:
- Zion Bancorporation saw net interest income clock in at $449 million, up from $430 million in the year-ago period.
- ZION stock reported earnings per share of 43 cents, beating estimates by a penny.
More About Zion Bancorporation Stock
As of its close on Monday, January 25, its market cap was $4.17 billion. Over the last three months, an average of 3.13 million shares of ZION stock traded hands each day. It pays a 1.1% dividend, and ZION stock is down 17.8% in the last year, underperforming the -8.5% return of the S&P 500 by nearly 10 percentage points.
Going into today’s earnings report, Navellier Ratings, Powered by Portfolio Grader, had the following ratings for ZION stock:
Rating: Hold
Total Grade: C
Fundamental Grade: C
Quantitative Grade: C
Earnings Growth: C
Sales Growth: C
We’ll have to wait and see how investors takes the most recent ZION earnings report; after-hours trading was minimal in the minutes after the report, with shares trading sideways. Before the numbers even came out, shares plunged 5% on Monday during a mostly down market.
At the time this story was written, Robert Martin had no position in any of the stocks mentioned.
