Reading ZION? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track ZION free→Reading ZION? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track ZION free→NASDAQFinancialsBanks - RegionalSnapshot 2026-06-15
Recent financial performance is strong, but the sector backdrop is a headwind. Earnings quality is neutral, and management's recent track record has been steady, although the capital stance is capital unfriendly. Peer multiples imply a price about 7% below where it trades (it looks expensive on this basis); the read is fair. What it hinges on includes the potential for ZION to cut guidance on the next call, which would be a meaningful negative. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 7 valuation methods, at three horizons. Current price $66.27. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $66 ZION trades at 11× p/e, below its 12× p/e peer median. Our $62 fair value sits above the price; high confidence. Analysts: $64–$75. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 7% near-term growth, in line with our forecast of about 3%. This describes what's priced in, not a forecast of the move.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Not enough signal yet.
Over the trailing year it converted 1.37x of net income into operating cash flow. Historically, Financials names rated neutral grew net income 58% of the time over the next year (vs 55% for the rest of the cohort, n=4725).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, real (inflation-adjusted) rates, Fed net liquidity.
3 material management or governance events in the past 24 months, led by executive changes. Historically, Financials names rated stable grew net income 56% of the time over the next year (vs 56% for the rest of the cohort, n=3736).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $1.61 → $1.67 (+3.7% / 30d). 11 raised, 6 cut, 19 covering analysts.
0 upgrades, 0 downgrades / 30d. 33% of analysts rate Buy.
0 positive, 0 negative / 30d.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$117.
How much price usually moves either way.
On a bad day, this stock has moved -$277.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,066.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Strong net income growth would show Zions is on track with its growth goals. It reflects better performance and may boost investor confidence.
Confirms:Q2 2026 net income growth exceeds 15% compared to Q2 2025.
Disproves:Net income growth falls below 5% compared to Q2 2025.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for ZION yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) Election of Director. On June 2, 2026, the Board of Directors (the “Board”) of Zions Bancorporation, N.A. (the “Bank”) increased the number of its members from 11 to 12 directors and elected Daniel J. Ryan to fill the resulting vacancy, effective immediately. Mr. Ryan will hold office until the Bank's next annual meeting of shareholders. The Bo…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$64.00 – $75.00 (median $68.00) · 5 analysts · as of 2026-04-21
Looks cheaper than most peers in the same business.
Around its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Regional Banks.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
ZION Zions Bancorporation | Above typical Show detailsSector percentile: 84 of 100 | full | moderate |
HDB HDFC BANK LTD | — | — | moderate |
IBN ICICI BANK LTD | — | — | moderate |
ITUB ITAU UNIBANCO HOLDING SA | — | — | moderate |
FITB Fifth Third Bancorp | Below typical Show detailsSector percentile: 2 of 100 | expensive | moderate |
Not investment advice. As of 2026-06-15.
via XLF
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on enhancing net income through improved operational efficiency and revenue growth.
Improve cash flow from operating activities to support growth and operational needs.
Drive revenue growth through strategic initiatives and market expansion.
Why it matters: A negative provision shows strong credit quality and fewer expected loan losses. This is key for keeping investor trust.
Confirms:Provision for credit losses remains negative in Q2 2026.
Disproves:Provision for credit losses turns positive in Q2 2026.
Why it matters: An increase in classified loans signals potential credit quality issues. It could indicate higher risk in the loan portfolio.
Confirms:Classified loans exceed 4% of total loans in Q2 2026.
Disproves:Classified loans remain below 3% of total loans in Q2 2026.
Why it matters: Growth in total deposits shows customer trust and stability in funding. This is important for overall financial health.
Confirms:Total deposits grow more than 3% in Q2 compared to Q1 2026.
Disproves:Total deposits grow 3% or less in Q2 compared to Q1 2026.
Why it matters: Sector revenue trends impact Zions' performance. If sector growth slows, it may affect Zions' growth outlook.
Confirms:Sector revenue growth drops below its median of 12% over the next quarter.
Disproves:Sector revenue growth remains above its median of 12%.
Why it matters: Improving cash flow shows Zions is enhancing its operational efficiency. Strong cash flow supports growth plans.
Confirms:Cash from operations is more than $423 million in Q2.
Disproves:Cash from operations is less than $350 million in Q2.
Why it matters: Revenue growth shows Zions is doing well with its growth plan. More revenue can bring in more investors.
Confirms:Q2 revenue increases year over year by more than 10% compared to Q1's $172 million.
Disproves:Q2 revenue growth is less than 5% year over year.
Other Events. In 2007, Zions Bancorporation, N.A. (the “Bank”) received 460,153 Class B-1 shares of Visa Inc. (the “Shares”) in connection with a restructuring and public offering by Visa U.S.A. On May 4, 2026, the Bank sold the Shares for aggregate proceeds of $215 million, resulting in a pre-tax gain of approximately the same amount in the second quarter of 2026.
Results of Operations and Financial Condition. On April 20, 2026, Zions Bancorporation, National Association (“the Bank”) announced its financial results for the quarter ended March 31, 2026 and its intent to host a conference call to discuss such results at 5:30 p.m. Eastern Time on April 20, 2026. The press release announcing the financial results for the quarter ended March 31, 2026 is furnished as Exhibit 99.1 and incorporated herein by reference. A presentation to be used in conjunction…
Results of Operations and Financial Condition. On October 20, 2025, Zions Bancorporation, National Association (“the Bank”) announced its financial results for the quarter ended September 30, 2025 and its intent to host a conference call to discuss such results at 5:30 p.m. Eastern Time on October 20, 2025. The press release announcing the financial results for the quarter ended September 30, 2025 is furnished as Exhibit 99.1 and incorporated herein by reference. A presentation to be used in…
Other Events. Zions Bancorporation, N.A. (the “Bank”), recently became aware of legal actions initiated by several banks and other lenders against parties that appeared to be affiliated with two borrowers (the “Borrowers”) under two related commercial and industrial loans extended by the Bank’s California Bank & Trust division (the “Loans”). The Bank’s Loans are guaranteed by several individuals (the “Obligors”). Upon discovery of this information, the Bank commenced an internal review of the…