Zions Bank Rebounds Amid Regional Credit Concerns Abating

5 days ago

Nathan Hager

"And uh finally, it's been regional bank earning season that's been shaky to say the least. What can we say about Zans? Zion shares are trading positively this morning, up one and a quarter%, basically scrapping back all of their losses from the fall last week on these regional banking credit worries. So, these worries continue to abate. The stock uh has had a a very strong two-day rebound, but they had some pretty results, pretty solid results out uh out after the bell yesterday. The CEO said that the issue of last week was an isolated situation. and even the chief credit officer said that they've gone through the loan portfolio, haven't found any other issues, and they've also hired external parties to continue reviewing the loan. So, it does seem like a lot of positivity uh in regional bank Zion shares up one and a quarter%."

Nathan outlines the rebound in Zion shares following recent regional banking credit worries. Management comments, including insights from the CEO and chief credit officer, suggest that prior issues were isolated, supporting a cautious yet positive sentiment for the stock.

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