BofA raises Zion Bancorp's PT citing good growth prospects and strong Q3 results; upgrades rating

Zions Bancorporation, National Association

23/10/2025 18:33

Corrects to "Zions" from "Zion" in headline

** BofA raises regional lender Zions Bancorp's ZION.O PT to $62 from $59; upgrades to "neutral" from "underperform"

** Brokerage believes the company's current price to earnings ratio, which is about 19% lower vs historical average, does not account for bank's potential for growth

** Also notes the company reported a rise in third-quarter profit this week, boosted by increased interest income and broader loan growth amid easing economic uncertainty

** Net interest income, the difference between what banks earn on loans and pay on deposits, rose to $672 mln from $620 mln in the year-ago quarter

** Seven of 25 brokerages rate the stock "buy", 17 "hold" and one "sell"; median PT $62 — LSEG

** Including session's moves, stock down ~3.9% YTD

 (Reporting by Anuj T in Bengaluru)

 ((anuj.t@thomsonreuters.com))