ZION:
The current market price is 61.71, which reflects a change of +2.30% from the previous close.
Support and Resistance Levels
The first support level is 59.90, the second is 59.75, and the third is 59.50. Resistance levels are 61.90, 62.50, and 63.00, with a pivot point at 60.50.
Indicators
The RSI is at 61.91, suggesting bullish momentum. The ATR is 0.10235, indicating increased volatility. The ADX is at 100, signifying a strong trend. The Parabolic SAR is currently at 61.71, confirming bullish momentum.
Market Sentiment
Current price is above pivot (60.50); indicators support a bullish trend, indicating potential for continued upward movement.
ZION Signals & Technical Analysis
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About (ZION) Zions Bancorporation, National Association
Company Background
Zions Bancorporation, National Association is a prominent financial institution headquartered in Salt Lake City, Utah. Established in 1873, Zions Bancorporation has a rich history that spans over 150 years, making it one of the oldest banks in the United States. The bank operates through a robust network of branches primarily located in the western and southwestern regions of the United States. Zions Bancorporation is known for providing a comprehensive range of banking services, including commercial and consumer banking, mortgage lending, and wealth management solutions.
Market Position
Zions Bancorporation holds a strong position in the competitive banking sector, demonstrating significant growth through strategic acquisitions and organic expansion. As of 2023, the bank ranks among the largest regional banks in the United States, with a diversified portfolio of financial products and services tailored to both individual and business clients. ZION's commitment to delivering exceptional customer service and innovative banking solutions has solidified its reputation and attracted a loyal customer base. The bank's extensive footprint in key markets positions it well to capitalize on economic growth opportunities and to serve a wide array of clients effectively.
Key Financial Highlights
Zions Bancorporation's financial performance has been robust, characterized by consistent revenue growth and a healthy balance sheet. As of the most recent fiscal year, ZION reported impressive earnings, reflecting strong demand for its financial services and effective cost management strategies. The bank's net income has seen a steady increase, supported by its diversified lending activities and prudent risk management practices. Furthermore, Zions Bancorporation maintains a solid capital position, with a favorable Tier 1 capital ratio that exceeds regulatory requirements, positioning it well for future growth and stability.
Industry Highlights
In the context of the evolving banking landscape, Zions Bancorporation is well-positioned to navigate challenges and leverage opportunities within the financial services industry. The bank has embraced digital transformation initiatives, enhancing its online banking capabilities and improving customer experience. With a focus on sustainability and community engagement, Zions Bancorporation is committed to responsible banking practices that align with its long-term growth strategy.