Oct. 21 at 1:47 AM
My initial read on Zions Bancorp's (
$ZION) Q3 report is surprisingly strong. They posted
$1.X.48 EPS and revenue of
$861M, but the real story is the net interest margin expansion—that's what regional banks need. Outside of that specific corporate loan charge, core credit quality seems intact. Better than feared, frankly, which is why the stock popped over 2% after hours