Zions Bancorporation: Visa Gain, Core Loan Growth, Cheap

Zions Bancorporation delivered strong Q2 results, beating earnings and revenue estimates on robust net interest income and a one-time asset sale gain.

ZION’s book value per share surged 18% year-over-year, driven by a $215 million pre-tax gain from the sale of Visa Class B-1 shares.

Loan growth, driven by the commercial & industrial segment, and a favorable deposit mix supported a 4% year-over-year net interest income increase.

I maintain a bullish stance on ZION, citing strong asset quality, positive rate sensitivity, and an attractive valuation at 1.46x price-to-book.

Zions Bancorporation, National Association ( ZION ) followed into the footsteps of other regional banks on Monday and reported stronger-than-expected results for the second fiscal quarter amid a continual upswing in net interest income, driven by loan This article was written by The Asian Investor 32.72K Followers Follow I am interested in a lot of technology and AI stocks like Google, Nvidia, AMD, Tesla and Amazon.