Latest news with #ZionsBancorporation
Yahoo
21-05-2025
- Business
- Yahoo
ZIONS BANCORPORATION TO PRESENT AT THE MORGAN STANLEY US FINANCIALS CONFERENCE
SALT LAKE CITY, May 21, 2025 /PRNewswire/ -- Scott McLean, President and COO of Zions Bancorporation, N.A. (NASDAQ: ZION), will present at the Morgan Stanley US Financials Conference on Tuesday, June 10th at 12:15 pm Eastern. An audio webcast of the session may be accessed on the Zions Bancorporation website, A replay will also be made available following the event. Zions Bancorporation, N.A. is one of the nation's premier financial services companies with approximately $89 billion of total assets at December 31, 2024, and annual net revenue of $3.1 billion in 2024. Zions operates under local management teams and distinct brands in 11 western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The Bank is a consistent recipient of national and state-wide customer survey awards in small- and middle-market banking, as well as a leader in public finance advisory services and Small Business Administration lending. In addition, Zions is included in the S&P MidCap 400 and NASDAQ Financial 100 indices. Investor information and links to local banking brands can be accessed at View original content to download multimedia: SOURCE Zions Bancorporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-05-2025
- Business
- Yahoo
Earnings Update: Zions Bancorporation, National Association (NASDAQ:ZION) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts
Zions Bancorporation, National Association (NASDAQ:ZION) last week reported its latest quarterly results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Revenues of US$806m were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at US$1.13, missing estimates by 4.4%. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Taking into account the latest results, the consensus forecast from Zions Bancorporation National Association's 14 analysts is for revenues of US$3.26b in 2025. This reflects a satisfactory 5.1% improvement in revenue compared to the last 12 months. Statutory per-share earnings are expected to be US$5.16, roughly flat on the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$3.27b and earnings per share (EPS) of US$5.16 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates. Check out our latest analysis for Zions Bancorporation National Association It will come as no surprise then, to learn that the consensus price target is largely unchanged at US$53.00. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Zions Bancorporation National Association, with the most bullish analyst valuing it at US$61.00 and the most bearish at US$47.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth. Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting Zions Bancorporation National Association's growth to accelerate, with the forecast 6.8% annualised growth to the end of 2025 ranking favourably alongside historical growth of 3.8% per annum over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 7.1% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Zions Bancorporation National Association is expected to grow at about the same rate as the wider industry. The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at US$53.00, with the latest estimates not enough to have an impact on their price targets. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Zions Bancorporation National Association going out to 2027, and you can see them free on our platform here.. It might also be worth considering whether Zions Bancorporation National Association's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
08-05-2025
- Business
- Yahoo
What Trump's former secretary of state says about his tariff plans
Longtime public servant and former Congressman Mike Pompeo once warned voters in his home state of Kansas that electing Donald Trump president in 2016 would only serve to continue the 'authoritarian' rule of then-President Barack Obama. But Pompeo, who had endorsed then-Florida Sen. Marco Rubio early in that election cycle, later shifted his support to Trump and went on to become a trusted member of the 45th president's inner circle, serving first as CIA director and later as secretary of state during Trump's first term. On Wednesday, Pompeo was in Utah to speak at the Crossroads of the World International Trade Summit, a two-day, invitation-only event sponsored by Zions Bank and World Trade Center Utah that invited 'world leaders and top business minds to discuss the uncertainties, trends, and opportunities surrounding international business.' Former U.S. Secretary of State Mike Pompeo, right, answers a question posed by former Utah Gov. Gary Herbert, left, at Crossroads of the World International Trade Summit at Zions Bancorporation's Technology Center in Midvale on Wednesday, May 7, 2025. | Laura Seitz, Deseret News Issues surrounding Trump's chaotic international trade policy shifts figured largely in the discussions and Pompeo, who was interviewed on stage by former Utah Gov. Gary Herbert, underscored his feelings about the critical role of the U.S. in the global economy. What Pompeo said about Trump tariff policy 'We are truly exceptional,' Pompeo told the audience of about 500 gathered at the Zions Bancorporation Technology Center in Midvale. 'The whole world depends on the success of the United States of America. Without America, without us leading with a good economy, without the innovation of America, the world is lost.' Pompeo argued that no other country is positioned to step into the leadership role that America has occupied since World War II and noted the interdependency of the world's individual economies have been a boon for the U.S. business community and the country as a whole. People attend Crossroads of the World International Trade Summit at Zions Bancorporation's Technology Center in Midvale on Wednesday, May 7, 2025. | Laura Seitz, Deseret News 'The global economy is deeply interconnected,' Pompeo said. 'That's important and creates enormous value for the United States of America ... we're not going to make everything here.' Pompeo also offered some insight as a past member of the president's cabinet, noting he believes Trump will continue to wield tariff policy as a tool to address perceived issues with other countries. 'As for President Trump and his tariff policy … you should know he believes it with all his heart, rightly or wrongly," Pompeo said. 'He calls himself 'Tariff Man'. Does that leave any doubt in your mind? He believes that bilateral trade deficits in goods are bad and no one is going to convince him otherwise.' Will Trump tariff approach be successful? But while Pompeo said Trump may have overreached in his initial rounds of international trade decrees, he believes the president will eventually get to a more balanced policy position. '(President Trump) recognizes that it's absolutely imperative that when we rebalance this we don't crush things,' Pompeo said. 'He may have gotten it wrong in the front end or at least he was coming out of the gate with the most aggressive posture. I think you'll see the secretary of treasury begin to try to put these rules in place that really do deliver the right outcome.' Former U.S. Secretary of State Mike Pompeo, right, answers a question posed by former Utah Gov. Gary Herbert, left, at Crossroads of the World International Trade Summit at Zions Bancorporation's Technology Center in Midvale on Wednesday, May 7, 2025. | Laura Seitz, Deseret News In the meantime, Pompeo acknowledged that the current business environment has been roiled by Trump's on-again, off-again tariff declarations. 'President Trump hasn't been clear about his overall strategic objective here,' Pompeo said. 'He's talked about using tariffs for fentanyl, keeping it out of the country, he's talked about balancing trade, he's talked about bilateral trade deficits. And that is one of the things that is hurting the business community — uncertainty.' That uncertainty was underscored by a group of Utah business leaders who participated in a panel discussion following Pompeo's interview with Herbert. Here's what Utah businesses have to say Kimberley Honeysett, chief legal officer for Varex Imaging, an independent supplier of X-ray tubes and image processing solutions for medical and security applications, said her company's strategy of locating manufacturing facilities proximate to customers was being upended by the new tariff policies. 'One of the risks, certainly, for a lot of companies that have both import and export functions is the opposite of what they're trying to accomplish, pushing U.S. manufacturing outside the U.S.,' Honeysett said. 'The risk is it backfires.' Honeysett explained how trade levies, both those issued by the U.S. and reciprocal actions by other countries, were impacting Varex on both sides of the company's import/export equation. 'We import goods, we're the importer of record and we get the tariffs and our prices are increasing,' Honeysett said. 'We also export so, on the other side, we get the tariff. From our perspective (the U.S. trade policies) are more harmful than beneficial.' Former U.S. Secretary of State Mike Pompeo, right, answers a question posed by former Utah Gov. Gary Herbert, left, at Crossroads of the World International Trade Summit at Zions Bancorporation's Technology Center in Midvale on Wednesday, May 7, 2025. | Laura Seitz, Deseret News John Hortin, chief financial officer for Wavetronix, a Utah-based manufacturer of radar traffic detection devices, said the company's business with China has 'dried up' and he and the Wavetronix team are currently navigating trade tariff uncertainty by 'biding our time and waiting to see where it will land.' Hortin said he believes U.S. trade policy would lead to more effective outcomes if implementation was strategic and targeted, rather than broad-based. 'It's important to be specific rather than broad,' Hortin said. 'The rhetoric we're hearing now is we've been taken advantage of across the board. And I'm not sure that's true. Blanket tariffs, I really think, generate the trade war more than solve problems.' Trump announced a raft of country-specific reciprocal tariffs last month along with a blanket 10% levy on foreign imports. On April 9, the president declared a 90-day pause on the reciprocal trade fees but kept the 10% assessment in place. That same day, Trump also announced an increase on imports from China that raised the effective levy on most imports from the country to 145%. Here's where new U.S. tariffs stand for the moment: China tariffs are at 145%, following a series of increases. Tariffs of 25% are in place on steel and aluminum imports, imported automobiles and goods from Canada and Mexico not covered by the United States-Mexico-Canada Agreement. Imports from all other countries are subject to a 10% trade levy. The Crossroad of the World Summit continues on Thursday with scheduled speakers including Utah Gov. Spencer Cox, former secretaries of state Antony Blinken and Condoleezza Rice, former prime ministers Jacinda Ardern of New Zealand and Theresa May of the United Kingdom, and Australia Ambassador to the U.S. Kevin Rudd, who is the former prime minister of Australia.
Yahoo
08-05-2025
- Business
- Yahoo
The pioneer ethic that helps companies and communities thrive
The selfless example of Mormon pioneers was presented in Utah Wednesday as a beacon for global leaders during the second annual Crossroads of the World International Trade Summit. The pioneers divided into companies that selflessly planted crops and built cabins for those who traveled the plains of the American West after them, said Presiding Bishop Gérald Caussé of The Church of Jesus Christ of Latter-day Saints. 'Most would move on before enjoying the fruits of their own labors. Similarly, strong communities and lasting organizations are built by those who look beyond themselves — those willing to plant today so others can harvest tomorrow," said Bishop Caussé, who spoke during the first day of the two-day summit at the Zions Technology Center. The summit began with a discussion of global trade between former U.S. Secretary of State Mike Pompeo and former Utah Gov. Gary Herbert. Wednesday's speakers will include past prime ministers of the United Kingdom (Theresa May), New Zealand (Jacinda Ardern) and Australia (Kevin Rudd) and former U.S. Secretaries of State Condoleeza Rice and Antony J. Blinken. Bishop Caussé made a case that service is both an economic driver that benefits companies that promote it in both the short and long term as well as a Christian imperative for the Church of Jesus Christ. He outlined ways the church engages in local, national and global humanitarian work that included spending $1.45 billion to care for those in need in 2024. Bishop Caussé, who led a global food distribution company before joining full-time church service, said there is no coincidence between Utah's position as a leading state in economic growth and volunteer service. Bishop Gérald Caussé, presiding bishop of The Church of Jesus Christ of Latter-day Saints, speaks at Crossroads of the World: International Trade Summit at Zions Bancorporation's Technology Center in Midvale on Wednesday, May 7, 2025. | Laura Seitz, Deseret News 'These two are connected. The values people develop through service, often beginning at a young age, carry over into their professional lives, driving hard work, dedication and innovation,' he said. He encouraged business leaders to make service a core value of their organizations for that reason. 'Service doesn't just benefit the community — it also strengthens businesses and other organizations," he said, pointing to research by the ProBono Institute published as 'The Business Case for Volunteerism.' The article highlighted research showing that corporate volunteer programs boost employee engagement, help attract and retain talent and support leadership development, Bishop Caussé said. The Church of Jesus Christ of Latter-day Saints is intentional about providing people with service opportunities because service often blesses the giver as much as the receiver, he said. 'That's our goal — to uplift both, givers and receivers,' he said. Bishop Caussé said the church's JustServe app and online platform recently reached the milestone of connecting 1 million volunteers to service opportunities. More than 18,000 organizations in 18 countries have posted service opportunities, and there are now more than 300 JustServe clubs in high schools, he said. 'Service may be the most powerful force for good,' he said. 'As a church, we actively seek ways to bring people from all walks of life together to experience the joy of serving one another.' The church releases an annual report on its giving called 'Caring for Those in Need' for two reasons, Bishop Caussé said. 'We share these summaries each year to show those who donate their time or resources the collective good their contributions make possible,' he said. 'We also hope that others who see these efforts will feel inspired to join us in serving those in need.' Beyond reporting the church's financial support for those who need it, Bishop Caussé said one of his favorite data points is the documentation of 6.6 million hours of volunteer service donated by Latter-day Saints last year. 'That, for me, is the heart and soul of what we do,' he said. The report cannot capture all the service church members give in their communities or the true impact of service, he said. It also should motivate global and local leaders as well as parents. We must help the rising generation develop a love for service early in their lives, as early as possible in their lives," he said. The church's vast, global humanitarian efforts are rooted in the Great Depression, when church leaders paired unemployed church members with local farmers who couldn't afford to hire workers. The members worked in exchange for food. The system produced a surplus that the church began to distribute, Bishop Caussé said. Bishop Gérald Caussé, presiding bishop of The Church of Jesus Christ of Latter-day Saints, speaks at Crossroads of the World: International Trade Summit at Zions Bancorporation's Technology Center in Midvale on Wednesday, May 7, 2025. | Laura Seitz, Deseret News Today, our production exceeds the needs of our own church members, which allows us to donate and ship millions of pounds of food and other commodities to food banks across the country as part of our broader humanitarian efforts," he said. During the pandemic, most of the church's food donations went to people who are not members of the church, he said. He said the church's motivations are rooted in Christian fundamentals. 'While we are grateful to offer humanitarian aid, we want to be clear that we are not a humanitarian organization in the usual sense,' he said. 'We are a church, and we give and serve because ... we intend to live or strive to live the two great commandments as taught by Jesus Christ: loving God and loving our neighbor. Service lies at the heart of this commitment and is a core, unchanging principle of our faith.' The church has expanded its total humanitarian welfare expenditures every year from at least 2015 to the present, the Deseret News has reported. '... Each year we work to increase our contributions and service in ways that can create a lasting impact,' Bishop Caussé said Wednesday. While the church helps those in need and provides opportunities to serve, another goal is to foster self-reliance through educational and work opportunities, he said. For example, Bishop Caussé said that: BYU-Pathway Worldwide provided an affordable online program for online certificates and degrees to 75,000 students in over 180 countries in 2024. The Perpetual Education Fund supported about 7,000 students who pursued vocational training in their home countries last year. Deseret Industries thrift stores helped nearly 18,000 people find work last year. 'As much as I wish we could feed every hungry child, shelter every person in need and care for everyone who is sick, we know the church alone can only do so much,' he said. 'But when many organizations and individuals share that same commitment to serving others, our combined impact can reach far beyond what any one of us could do alone.'
Yahoo
21-04-2025
- Business
- Yahoo
Jim Cramer Likes Zions Bancorporation (ZION) for Its Resilience and Yield
We recently published a list of . In this article, we are going to take a look at where Zions Bancorporation, National Association (NASDAQ:ZION) stands against other stocks that Jim Cramer discussed. On Thursday, Jim Cramer, the host of Mad Money, walked viewers through what he described as an important week ahead for Wall Street, with earnings season hitting full stride and a flood of quarterly reports expected from companies spanning multiple sectors. 'The fact is the president wants lower interest rates to help offset the pain from higher prices that gonna be caused by the tariffs, but higher prices represent inflation.' READ ALSO: 12 Stocks on Jim Cramer's Radar Recently and Jim Cramer Discussed These 12 Stocks Recently. 'The Federal Reserve never cuts rates when inflation's out of control,' Cramer emphasized and added that it may very well become the case if tariffs continue to drive up costs. He made it clear that he respects Fed Chair Jerome Powell as he described him as a capable public servant who, in Cramer's words, has 'generally done a good job.' Still, he acknowledged Powell's difficult position as he said the Fed chair is 'stuck between a rock and a hard place.' He added: 'Now history says he should be doing exactly what he's doing, but history is now in the eye of the beholder and there's only one beholder in this whole country and it ain't Jay Powell.' While Cramer stopped short of diving deeper into political commentary, he admitted he is growing increasingly weary of the political noise surrounding monetary policy. As earnings reports begin to dominate the conversation, he highlighted how swiftly sentiment on Wall Street can shift based on results and noted that the market is entering a phase where 'snap judgments' start flooding in after hours. 'Here's the bottom line: I know it's supposed to be a terrible time, right? I mean like woo, scary, but I don't know. The companies themselves they keep delivering and delivering, and you know what? I don't think next week's going to be any different.' For this article, we compiled a list of 25 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 17. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey's database of over 1,000 hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Holders: 24 Zions Bancorporation, National Association (NASDAQ:ZION) was mentioned during the episode, and here's what Cramer had to say: 'Now it all starts with the banks, specifically two really incredibly boring banks, Comerica and Zions Bancorp. Now both are considered suspect. They have high yields, you can tell that. But the banks have been outstanding in this environment, no tariff exposure, low charge off, decent loan growth, and hopefully some boost from deregulation down the road, which is what a lot of people voted President Trump for.' Zions Bancorporation (NASDAQ:ZION) offers a range of banking and financial services, including commercial and small business lending, capital markets solutions, real estate financing, personal banking, and wealth management. On April 7, Morgan Stanley analyst Manan Gosalia cut the price target on ZION from $64 to $52 and maintained an Equal Weight rating. The firm shifted its outlook on the midcap bank sector from Attractive to In-line. The analyst said steeper and faster-than-anticipated tariffs increase the risk of a recession. The pressure is expected to slow loan growth, which could affect future earnings and valuations. He noted that while the group trades at low valuations, sluggish loan growth and an inverted yield curve reduce the potential for gains. Overall, ZION ranks 2nd on our list of stocks that Jim Cramer discussed. While we acknowledge the potential of ZION as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ZION but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
