Zions Bancorporation: Q3 Results Support A Bullish View As Loan Demand Proves Resilient
Zions Bancorporation, National Association impresses with 4 earnings beats in a row and compelling Q3 results, outperforming key benchmarks and several peers in ROE and operating margin. Zions demonstrates robust loan growth, especially in commercial real estate, while maintaining an investment-grade credit rating and keeping non-performing loans to a low level. The stock offers an attractive ~3% dividend yield with a low payout ratio, and positive dividend growth and appears undervalued on forward earnings and book value metrics.