ZION Stock Summary and Trading Ideas (Zions Bancorporation N.A. | NASDAQ:ZION)

Zions Bancorporation is a regional U.S. bank with core operations that span 11 states. The bank is headquartered in Salt Lake City and does business primarily in the Western and Southwestern United States. Zions primarily focuses on providing banking services to small and midsize businesses, with the bulk of its loans focused on commercial and commercial real estate lending.

Zions Bancorporation N.A. trades on the NASDAQ stock market under the symbol ZION.

As of April 23, 2024, ZION stock price climbed to $41.75 with 1,898,419 million shares trading.

ZION has a beta of 1.99, meaning it tends to be more sensitive to market movements. ZION has a correlation of 0.21 to the broad based SPY ETF.

ZION has a market cap of $6.16 billion. This is considered a Mid Cap stock.

Last quarter Zions Bancorporation N.A. reported $742 million in Revenue and $1.03 earnings per share. This fell short of revenue expectation by $-1 million and exceeded earnings estimates by $.05.

In the last 3 years, ZION stock traded as high as $75.44 and as low as $18.26.

The top ETF exchange traded funds that ZION belongs to (by Net Assets): VTI, IJH, VB, SCHD, VBR.

ZION has outperformed the market in the last year with a return of +47.8%, while the SPY ETF gained +24.3%. However, in the most recent history, ZION shares have underperformed the stock market with its stock returning -2.7% in the last 3 month period and -2.9% for the last 2 week period, while SPY has returned +4.9% and -2.5%, respectively.

ZION support price is $40.40 and resistance is $42.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ZION stock will trade within this expected range on the day.