Benzingaยท2025-10-20 05:40Earnings Report - Zions Bancorporation is set to release its third-quarter earnings results on October 20, with analysts expecting earnings of $1.40 per share, an increase from $1.37 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $842.34 million, compared to $804 million a year earlier [1] Legal Actions and Financial Impact - On October 15, Zions Bancorporation announced awareness of legal actions against two borrowers related to commercial and industrial loans, leading to a provision of approximately $60 million [2] - Following this announcement, shares of Zions Bancorp increased by 5.8%, closing at $49.67 [2] Analyst Ratings - Baird analyst David George upgraded Zions Bancorp from Neutral to Overweight with a price target of $65 [6] - Piper Sandler analyst Matthew Clark maintained a Neutral rating and lowered the price target from $62 to $59 [6] - Evercore ISI Group analyst Jon Pancari maintained an Outperform rating and raised the price target from $62 to $64 [6] - Morgan Stanley analyst Manan Gosalia maintained an Equal-Weight rating and increased the price target from $63 to $70 [6] - Truist Securities analyst Jennifer Demba maintained a Hold rating and raised the price target from $57 to $59 [6]