Zions Bancorp NA
ZION: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| T>c | LOCK|qb | LOCK|W@#Y$Mv |
Zions Bancorp Earnings: Some Revenue Clouds, Stable Expense Trajectory, and Credit Benign for Now
No-moat-rated Zions Bancorp reported an OK start to the year. As we incorporate the firm’s first-quarter results and outlook, we plan to lower our $62 per share fair value estimate by a single-digit percentage and still view shares as undervalued.
