News Formal

Zions Bancorp stock drops on reduced net interest income outlook as other bank stocks rise

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Zions Bancorp stock is down 3.5% as other bank stocks moved into positive territory on Tuesday, after the regional bank cut its net interest income outlook...

Zions Bancorp ZION stock is down 3.5% as other bank stocks moved into positive territory on Tuesday, after the regional bank cut its net interest income outlook to decreasing from moderately decreasing. Analysts at Truist said net interest margin for Zions is now trending towards 2.85%, below the 3.07% consensus estimate by analysts. “We expect shares to underperform today,” Truist analysts said. “We would be buyers on weakness.

5% as other bank stocks moved into positive territory on Tuesday, after the regional bank cut its net interest income outlook to decreasing from moderately decreasing. Analysts at Truist said net interest margin for Zions is now trending towards 2.85%, below the 3.07% consensus estimate by analysts. “We expect shares to underperform today,” Truist analysts said. “We would be buyers on weakness.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day.
La source: CNBC - 🏆 12. / 72 Lire la suite »