U.S. Markets closed

Zions: 1Q Earnings Snapshot

SALT LAKE CITY (AP) _ Zions Bancorp (ZION) on Monday reported first-quarter earnings of $213 million.

The bank, based in Salt Lake City, said it had earnings of $1.04 per share.

The results missed Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The financial holding company posted revenue of $807 million in the period. Its revenue net of interest expense was $708 million, also missing Street forecasts. Ten analysts surveyed by Zacks expected $715.6 million.

Zions shares have risen 15 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 16 percent. In the final minutes of trading on Monday, shares hit $46.71, a fall of 12 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZION at https://www.zacks.com/ap/ZION