With more than a few major regional banking franchises apparently back up on their feet, do investors have any need to mess with those franchises still struggling to dig out from the wreckage of the credit collapse? Zions Bancorp (ZION) is a good case in point. Current results are pretty uninspiring and the bank risks losing business to healthier rivals like U.S. Bancorp (USB) and Wells Fargo (WFC). On the other hand, this is a banking network with a good market share in many Western markets and relatively low expectations.
Q4 a disappointment all around
Zions is a surprisingly popular stock with a lot of sell-side analysts, but it looks like that enthusiasm got a little ahead of itself for the latest quarter. Reported earnings were about one-third short of expectations and many analysts had the "other items" in this quarter already factored into the estimates.
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Should Value Lead Investors To Ignore Zions Bancorp's Lousy Performance?
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