Zions Bancorporation N.A. (NASDAQ:ZION) banking and related services provider, is reporting third quarter earnings results on Monday 19th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.88 per share.
For the full year, analysts predict revenues of $ 2805.95 million, while looking forward to income of $ 2.07 per share.
Previous Quarter Performance
Zions Bancorporation N.A. communicated income for the second quarter of $ 0.34 per share, from the revenue of $ 680.00 million. The quarterly earnings dropped 65.66 percent while revenues down 3.00 percent compared with the same quarter last year.
Street analysts expected Zions Bancorporation N.A. to report income of $ 0.37 per share on revenue of $ 692.65 million for the second quarter. The bottom line results missed street analysts by $ 0.03 or 8.11 percent, at the same time, top line results fell short of analysts by $ 12.65 million or 1.83 percent.
Stock Performance
On Friday, shares of Zions Bancorporation N.A. has traded high as $ 31.32 and has cracked $ 30.46 on the downward trend, reaching $ 31.14 with volume of 1.80 million shares.
According to the previous trading day, closing price of $ 31.14, representing a 32.19 % increase from the 52 week low of $ 23.58 and a 40.61 % decrease over the 52 week high of $ 52.48.
The company has a market capital of $ 5.11 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
On July 31, 2020, the board of directors authorized quarterly dividend of $ 0.34 per share to holders of record as of the close of business on August 13, 2020, with payment date of August 20, 2020 and ex-dividend date on August 12, 2020.
Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services. It also offers personal banking services to individuals, including home mortgages, bankcards, other installment loans, home equity lines of credit, checking accounts, savings accounts, certificates of deposit of various types and maturities, trust services, safe deposit facilities, and Internet and mobile banking services.
