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Zions Bancorp NA ZION

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Morningstar’s Analysis

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More of the Same From the Fed in Latest Meeting; We Still Expect Accommodative Lean for Some Time

Eric Compton, CFA Senior Equity Analyst

Analyst Note

| Eric Compton, CFA |

In its latest statement on Jan. 27, the Federal Open Market Committee unsurprisingly held the federal-funds rate at 0.0%-0.25%. Though some of the voting members changed because of the new year, the vote was still unanimous. The Federal Reserve continues to signal that it will remain very accommodative for some time and that it plans to hold off on any less accommodative measures until the recovery in the labor market and the economy, along with a recovery in inflation, is essentially completed. We anticipate that the FOMC will be in a holding pattern for some time, with the meetings and releases likely to be relatively mundane for a while.

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Company Profile

Business Description

Zions Bancorporation is a regional U.S. bank with core operations that span 11 states. The bank is headquartered in Salt Lake City and does business primarily in the Western and Southwestern United States. Zions primarily focuses on providing banking services to small and midsize businesses, with the majority of its loans focused on commercial and commercial real estate lending.

Contact
One South Main Street
Salt Lake City, UT, 84133-1109
T +1 801 844-7637
Sector Financial Services
Industry Banks - Regional
Most Recent Earnings Dec 31, 2020
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 9,678

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