Stock Track | Zions Bancorp Rallies 5% After-Hours on Stellar Q3 Results, Branch Deal

Stock Track

Oct 22, 2024

Zions Bancorporation (NASDAQ: ZION) shares surged over 5% in after-hours trading on October 21, after the regional bank reported better-than-expected third-quarter earnings and revenue, and announced a deal to expand its presence in California.

For the quarter ended September 30, Zions posted earnings per share of $1.37, comfortably beating the consensus estimate of $1.17. The bank's total revenue of $798 million also exceeded analysts' expectations of $778.9 million.

The solid results were driven by a higher net interest margin of 3.03%, up from 2.93% a year ago, as well as controlled operating expenses. Zions' Chairman and CEO Harris H. Simmons highlighted the "continued improvement" in the bank's financial performance, with earnings per share rising 21% year-over-year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1198427682"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1198427682\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1198427682?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-22 05:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1198427682","market":"us","top_or_hot":-1,"title":"Stock Track | Zions Bancorp Rallies 5% After-Hours on Stellar Q3 Results, Branch Deal","media":"Stock Track","content":"<p>Zions Bancorporation (NASDAQ: ZION) shares surged over 5% in after-hours trading on October 21, after the regional bank reported better-than-expected third-quarter earnings and revenue, and announced a deal to expand its presence in California.</p>\n\n<p>For the quarter ended September 30, Zions posted earnings per share of $1.37, comfortably beating the consensus estimate of $1.17. The bank's total revenue of $798 million also exceeded analysts' expectations of $778.9 million.</p>\n\n<p>The solid results were driven by a higher net interest margin of 3.03%, up from 2.93% a year ago, as well as controlled operating expenses. Zions' Chairman and CEO Harris H. Simmons highlighted the \"continued improvement\" in the bank's financial performance, with earnings per share rising 21% year-over-year.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Zions Bancorp Rallies 5% After-Hours on Stellar Q3 Results, Branch Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Zions Bancorp Rallies 5% After-Hours on Stellar Q3 Results, Branch Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-22 05:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Zions Bancorporation (NASDAQ: ZION) shares surged over 5% in after-hours trading on October 21, after the regional bank reported better-than-expected third-quarter earnings and revenue, and announced a deal to expand its presence in California.</p>\n\n<p>For the quarter ended September 30, Zions posted earnings per share of $1.37, comfortably beating the consensus estimate of $1.17. The bank's total revenue of $798 million also exceeded analysts' expectations of $778.9 million.</p>\n\n<p>The solid results were driven by a higher net interest margin of 3.03%, up from 2.93% a year ago, as well as controlled operating expenses. Zions' Chairman and CEO Harris H. Simmons highlighted the \"continued improvement\" in the bank's financial performance, with earnings per share rising 21% year-over-year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZION","symbol_name":"齐昂银行","start_time":0,"source_url":"","article_id":"1198427682","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198427682","pubTimestamp":1729545625,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Zions Bancorporation  shares surged over 5% in after-hours trading on October 21, after the regional bank reported better-than-expected third-quarter earnings and revenue, and announced a deal to expand its presence in California.For the quarter ended September 30, Zions posted earnings per share of $1.37, comfortably beating the consensus estimate of $1.17. The bank's total revenue of $798 million also exceeded analysts' expectations of $778.9 million.The solid results were driven by a higher n","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ZION":"齐昂银行"},"translate_title":"股票追踪Zions Bancorp因出色的第三季度业绩和分行交易而盘后上涨5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ZION":1},"content_text":"Zions Bancorporation (NASDAQ: ZION) shares surged over 5% in after-hours trading on October 21, after the regional bank reported better-than-expected third-quarter earnings and revenue, and announced a deal to expand its presence in California.\nFor the quarter ended September 30, Zions posted earnings per share of $1.37, comfortably beating the consensus estimate of $1.17. The bank's total revenue of $798 million also exceeded analysts' expectations of $778.9 million.\nThe solid results were driven by a higher net interest margin of 3.03%, up from 2.93% a year ago, as well as controlled operating expenses. Zions' Chairman and CEO Harris H. Simmons highlighted the \"continued improvement\" in the bank's financial performance, with earnings per share rising 21% year-over-year.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}