Zion's Bankorp Upgrade to Outperform

9 days ago

Carol Masser/Tim Stenc/Roma Bostik/Scarlett Fu

"No surprise. I'm going to go to those regional bank names. Uh Zion's Bankorp uh rallying after that 13% decline yesterday, up almost 6% in today's session as a new set of earnings from some of the regional lenders um were solid. So you look at Zions, it was up uh 5.8%. I also do want to mention on Zion's upgraded to outperform from neutral at bear with the analyst noting that the sell-off seemed excessive."

The speaker highlights Zion's Bankorp's recovery following a significant drop the previous day, noting a nearly 6% gain today and a specific upgrade from neutral to outperform. The upgrade implies that the previous sell-off may have been an overreaction, offering an actionable signal for investors.

Related Stocks