On a day when stocks are doing very well, why is Zion's Bank down 3.5% while..

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Apr 25, 2017
11:04:11am

ToasterChive All-American

On a day when stocks are doing very well, why is Zion's Bank down 3.5% while..

... all other bank stocks appear to be following the market? Zion's just released earnings, they significantly beat estimates. What happened?

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ToasterChive

Previous username: Chicarl
Bio page: ToasterChive
Joined: Sep 3, 2010
Last login: Nov 12, 2024
Total posts: 22,610 (428 FO)

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Messages

Author

Time

On a day when stocks are doing very well, why is Zion's Bank down 3.5% while..

4/25/17 11:04am

Sounds like all is not well with Zion's.

foofcoug

4/25/17 11:05am

Yeah I don't get it.

4/25/17 11:06am

Zacks added like 5 banks to their Stong Buy list. Put zions at a Hold

BlueFrog

4/25/17 11:14am

Any explanation as to why? Was this before or after the earnings report?

4/25/17 11:17am

I don't know. They posted .61. What was the street?

BlueFrog

4/25/17 11:22am

I'm not telling you. I'm trying to profit off of rookie investors.

WDaddy

4/25/17 11:30am

It may be due to their loan growth

Biyamiti

4/25/17 11:27am

This is what I believe, too.

TXJason

4/25/17 11:41am

But that's industry wide, according to the transcript, not just Zion's.

4/25/17 11:50am

Yes, loan growth for banks was expected to be lower

Biyamiti

4/25/17 12:19pm

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