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Zions Bancorp NA ZION

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U.S. Banks' Q4 Earnings Outlook: Positive Momentum Likely to Continue, Anticipate FVE Raises

Eric Compton, CFA Senior Equity Analyst

Analyst Note

| Eric Compton, CFA |

Positive momentum is likely to continue for U.S. banks during fourth-quarter earnings announcements. Almost everything seems to be going the banks’ way: The yield curve is steepening, expectations for multiple interest-rate hikes in 2022 have solidified, initial fourth-quarter investment banking numbers appear to be strong, fourth-quarter loan growth numbers are likely to be solid, credit losses are likely to remain cyclically low, and omicron seems unlikely to throw the economy back into a tailspin. We will also be updating our tax rate assumptions, as we no longer anticipate a corporate tax hike (see our Dec. 23, 2021, note).

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Company Profile

Business Description

Zions Bancorporation is a regional U.S. bank with core operations that span 11 states. The bank is headquartered in Salt Lake City and does business primarily in the Western and Southwestern United States. Zions primarily focuses on providing banking services to small and midsize businesses, with the majority of its loans focused on commercial and commercial real estate lending.

Contact
One South Main Street
Salt Lake City, UT, 84133-1109
T +1 801 844-7637
Sector Financial Services
Industry Banks - Regional
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 9,682

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