Zions Bancorp Analysts Increase Their Forecasts After Upbeat Q2 Earnings

Zions Bancorporation (NASDAQ:ZION) reported better-than-expected earnings for the second quarter on Monday.

The company posted quarterly earnings of $1.63 per share which beat the analyst consensus estimate of $1.30 per share. The company reported quarterly sales of $838.00 million which beat the analyst consensus estimate of $810.38 million.

Harris H. Simmons, Chairman and CEO of Zions Bancorporation, said, “We’re very pleased with the quarter’s strong financial results, with earnings per share up 27% over the prior year period, and adjusted pre-provision net revenue up 14%. The net interest margin continued to improve, increasing to 3.17% from 2.98% a year ago, and customer-related noninterest income rose 7%.”

Zions Bancorp shares gained 0.9% ...