Zions should survive banking industry turmoil, experts say. For Utah’s sake it has to, Editorial Board writes

There are also policy impacts, including support for affordable housing partnerships with state and federal governments that have grown unit capacity, bringing people together to find creative solutions to environmental issues, and enhancing opportunities for women.

After the demise of California’s Silicon Valley Bank and New York’s Signature Bank in March, attention turned to other regional banks — and Zions Bank was a recipient of that scrutiny., dropping from around $40 a share to just under $30 a share in a day.

Banking experts in Utah agreed with Anderson’s assessment. They cited the lift Zions gets as a financial entity from the Intermountain West’s robust economy, Utah’s low unemployment rate, minimal layoffs and steady retail sales.

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Zions, Western Alliance stocks soar after J.P. Morgan says buy, because they are 'substantially mispriced'J.P. Morgan turns bullish on Zions, Western Alliance and Comerica, as sentiment has gotten too negative despite little change in fundamentals.
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »