Zions Bancorp Analysts Boost Their Forecasts Following Q3 Results

Zions Bancorp reported Q3 earnings of $1.78 per share, exceeding the analyst consensus of $1.65, while sales of $881 million fell short of the $890.5 million estimate. The company saw a 20% increase in earnings per share compared to the previous year, attributed to improved credit quality and a significant reduction in net loan charge-offs. Following the earnings announcement, analysts adjusted their price targets, with Baird and DA Davidson raising theirs to $80, while JP Morgan increased its target to $70. Zions Bancorp shares rose 2.1% to $64.44.