JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. kick off second-quarter earnings season Friday after one of the choppiest three-month periods for the banking sector since the global financi
The market is having a tremendous year so far in 2023, with the S&P 500 up nearly 15%. However, bank stocks have missed out on the party.
What is coming will likely be the most significant shift in the American banking landscape since the 2008 financial crisis. Bank earnings kick off Friday.
The well's run dry for the sector thus far this year as energy prices stabilized.
The S&P 500 has risen 14.5% this year to 4,396.44, but we're actually in a bull market, with a 23% gain from the 2022 closing low of 3,577.03 on Oct. 12. (One definition of a bull market is a 20% pric
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Several regional banks, including KeyCorp (KEY), Comerica (CMA), Fifth Third (FITB), Zions (ZION) and Citizens Financial (CFG), lower Q2 top-line expectations on higher rates, rising deposit costs and
Higher funding costs are putting pressure on net interest income and margins. Several management teams seem to have underestimated just how tough conditions might become.
Value investing involves estimating a company's long-term earnings power, calculating its present value, and comparing its current stock price to its estimated value. Zions' current stock price of $28
The Fed pauses rate hikes but signals more for later this year. Banks, including PacWest (PACW), Comerica (CMA), Zions (ZION), Fifth Third (FITB) and KeyCorp (KEY), get a much-needed breather.
Janney Montgomery Scott analyst Tim Coffey on Thursday downgraded Zions Bancorp ZION to neutral from buy on the heels of the bank's mid-quarter update earlier this week. Coffey said the bank now expec
Markets ended mixed on forecast the Fed may pause rate increases, and declines in healthcare stocks.
U.S. equities were mixed midday on June 14, 2023 following moves by stocks in the healthcare sector, and ahead of the Fed's decision on interest rates.
U.S. equities gained at midday on Tuesday, June 13, 2023 as lower inflation raised optimism the Fed could pause its rate hike cycle.
Zions Bancorp ZION, -1.16% stock is down 3.5% as other bank stocks moved into positive territory on Tuesday, after the regional bank cut its net interest income outlook to decreasing from moderately d
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