U.S. markets close in 1 hour 23 minutes
  • S&P 500

    4,220.70
    +54.25 (+1.30%)
     
  • Dow 30

    33,848.68
    +558.60 (+1.68%)
     
  • Nasdaq

    14,137.41
    +107.03 (+0.76%)
     
  • Russell 2000

    2,285.67
    +47.92 (+2.14%)
     
  • Crude Oil

    73.61
    +1.97 (+2.75%)
     
  • Gold

    1,784.20
    +15.20 (+0.86%)
     
  • Silver

    26.01
    +0.05 (+0.18%)
     
  • EUR/USD

    1.1920
    +0.0055 (+0.46%)
     
  • 10-Yr Bond

    1.4820
    +0.0320 (+2.21%)
     
  • GBP/USD

    1.3930
    +0.0121 (+0.88%)
     
  • USD/JPY

    110.2400
    +0.0900 (+0.08%)
     
  • BTC-USD

    32,522.42
    -2,290.95 (-6.58%)
     
  • CMC Crypto 200

    788.42
    -61.92 (-7.28%)
     
  • FTSE 100

    7,062.29
    +44.82 (+0.64%)
     
  • Nikkei 225

    28,010.93
    -953.15 (-3.29%)
     

How Zions Bancorp (ZION) Stock Stands Out in a Strong Industry

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
  • Oops!
    Something went wrong.
    Please try again later.

One stock that might be an intriguing choice for investors right now is Zions Bancorporation, National Association ZION. This is because this security in the Banks - West space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Banks - West space as it currently has a Zacks Industry Rank of 23 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Zions Bancorp is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Zions Bancorporation, N.A. Price and Consensus

Zions Bancorporation, N.A. Price and Consensus
Zions Bancorporation, N.A. Price and Consensus

Zions Bancorporation, N.A. price-consensus-chart | Zions Bancorporation, N.A. Quote

In fact, over the past month, current quarter estimates have risen from $1.13 per share to $1.14 per share, while current year estimates have risen from $4.26 per share to $4.42 per share. This has helped ZION to earn a Zacks Rank #3 (Hold), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Zions Bancorp. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Zions Bancorporation, N.A. (ZION) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research