Latest news with #ZionsBancorp
Yahoo
2 days ago
- Business
- Yahoo
Bank Stocks Near Record With Buyback, Dividend Boosts on Horizon
(Bloomberg) -- US bank stocks closed at their highest level in three years as investors continued to pile into the group amid speculation they will begin to boost buybacks and dividends after the lenders comfortably cleared the Federal Reserve's stress test last week. Struggling Downtowns Are Looking to Lure New Crowds Sprawl Is Still Not the Answer California Exempts Building Projects From Environmental Law The KBW Bank Index rose 1.5% Tuesday, closing at the highest level since February 2022 and under 4% from its early 2022 all-time high. The gauge posted a ninth consecutive day of gains, matching its longest winning streak on record. All but two of the gauge's 24 members were higher, led by Western Alliance Bancorp, East West Bancorp Inc. and Zions Bancorp NA. Tuesday's rally coincided with a breather for the broader market — which had closed at consecutive records — as investors rotated out of technology shares and into relatively safer pockets of the market. A basket of value stocks outperformed a basket of momentum stocks by nearly 2 percentage points, according to data compiled by Bloomberg. Banks headed into the week on strong footing after all lenders subjected to the Fed's annual stress tests passed comfortably, setting the stage for the group to boost buybacks and dividends for shareholders. The results showed 'much better than expected declines in stress capital buffers at all our banks,' JPMorgan Chase & Co. analysts including Vivek Juneja wrote in a note. 'Expect the large decrease in capital requirements to likely drive increased share buybacks at all the banks that saw a decrease.' Meanwhile, analysts at Raymond James anticipate total payouts to 'modestly increase,' adding that they 'view the stress test results to be a net positive and should garner increasing investor interest in the sector.' With quarterly earnings ahead, the easing of bank capital rules upcoming, loosening regulations and elevated interest rates at play US banking stocks are primed to keep ripping higher. Hedge funds are also see further room to run, snapping up shares at a furious pace. It's the rebound that many investors had been waiting for following President Donald Trump's November reelection, which many expected to usher in a wave of banking deregulation and pro-business policies. That was before he unleashed a global trade war in April that briefly knocked the industry off course. The 'results of this year's stress test is more evidence that this period is the most positive regulatory change for banks in 3 decades,' Wells Fargo analyst Mike Mayo wrote in a note. Goldman Sachs was the big test winner, along with JPMorgan, Bank of America and M&T Bank Corp, he said. (Updates with closing shares.) SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too America's Top Consumer-Sentiment Economist Is Worried How to Steal a House China's Homegrown Jewelry Superstar Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
2 days ago
- Business
- Bloomberg
Bank Stocks Near Record With Buyback, Dividend Boosts on Horizon
US bank stocks rose to their highest level in three years as investors continued to pile into the group amid speculation they will begin to boost buybacks and dividends after the lenders comfortably cleared the Federal Reserve's stress test last week. The KBW Bank Index gained as much as 1.6% Tuesday, hitting the highest level since February 2022 and about 4% from its early 2022 all-time high. The gauge is also on pace for a ninth consecutive day of gains, matching its longest winning streak on record. All but four of the gauge's 24 members were higher, led by Western Alliance Bancorp, Zions Bancorp NA and East West Bancorp Inc.
Yahoo
17-04-2025
- Business
- Yahoo
How To Earn $500 A Month From Zions Bancorp Stock Ahead Of Q1 Earnings
Zions Bancorporation, National Association (NASDAQ:ZION) will release its first-quarter earnings results before the opening bell on Monday, April 21. Analysts expect the Salt Lake City, Utah-based company to report quarterly earnings at $1.18 per share, up from 96 cents per share in the year-ago period. Zions Bancorporation projects to report quarterly revenue at $794.82 million, compared to $752 million a year earlier, according to data from Benzinga Pro. On March 28, Wells Fargo analyst Mike Mayo maintained Zions Bancorp with an Equal-Weight rating and lowered the price target from $62 to $58. With the recent buzz around Zions Bancorporation, some investors may be eyeing potential gains from the company's dividends too. Currently, Zions Bancorporation offers an annual dividend yield of 3.97%. That's a quarterly dividend amount of 43 cents per share ($1.72 a year). So, how can investors exploit its dividend yield to pocket a regular $500 monthly? To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $151,240 or around 3,488 shares. For a more modest $100 per month or $1,200 per year, you would need $30,265 or around 698 shares. To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.72 in this case). So, $6,000 / $1.72 = 3,488 ($500 per month), and $1,200 / $1.72 = 698 shares ($100 per month). View more earnings on ZION Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time. How that works: The dividend yield is computed by dividing the annual dividend payment by the stock's current price. For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40). Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield. ZION Price Action: Shares of Zions Bancorporation fell 1% to close at $43.36 on More: Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article How To Earn $500 A Month From Zions Bancorp Stock Ahead Of Q1 Earnings originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
