strategists add six new stocks to their list of favorites: SunCoke Energy ( SXC ), RPM international ( RPM ), Zions Bancorp ( ZION ), Signature Bank ( SBNY ), Edwards Lifesciences ( EW ) and Rexnord ( RXN ). SXC brings to the table a low cost
America, Santander Holdings ( SAN ), and, of course, Zions Bancorp ( ZION ). Press release Citi -3.3% , RBS -0.2% , HSBC -1.4% , Santander -1.5% , Zions -1.3% in after-hours trade. 2 comments!
objections (Citigroup, HSBC North America, RBS Citizens, and Santander USA) were over qualitative concerns, while one ( Zions ) was because it failed to meet the minimum post-stress test Tier 1 common ratio. Bank of America’s and Goldman Sachs’ plans were approved
latest stress test, and 29 out of America's largest 30 banks met their required capital requirements. Only Zions Bancorporation ( ZION )- a relatively small player- failed to make the cut. Credit card issuer Discover Financial ( DFS ) received
(The following statement was released by the rating agency) CHICAGO, March 24 (Fitch) Zions Bancorporation (ZION) recently failed the Dodd-Frank Act Stress Tests (DFAST) conducted by the Federal Reserve. In the severely adverse
Opinions make markets. In the wake of Zions Bancorp ( ZION ) being the only one of 30 lenders not passing the Fed ..... its Outperform rating and $34 price target. Friday: Zions to resubmit capital plan Post your comment!
real estate losses 2) Significantly greater risk-weighted assets, and 3) Lower pre-tax, pre-provision net revenue. Zions again notes its original submission to the Fed occurred prior to its sale of certain CDOs in January and February, with said
to the Fed stress test passed with the exception of Zions Bancorp . Checking the individual results: Regional banks passing ..... Northern Trust ( NTRS ). TBTFs: See here . More on Zions ( ZION ): The failure likely has something to do with CDOs
Everybody ( except Zions ) passed, but among the Too Big To Fail banks, Bank of America ( BAC ) is the weakest performer under the Fed's severely adverse
29 of 30 bank holding companies meet or exceed capital requirements under the Fed's severely adverse scenario. Zions Bancorp ( ZION ) is the only one whose tier 1 common ratio would fall below 5% (it goes to 3.5%). Shares -1.3% AH Full report Post your comment!