-- Zions Bancorporation (ZION) showed a stable start to 2026, with fundamentals driven by loan growth, healthy fee and expense trends, and solid asset quality, RBC said in a Monday note.
The report said Q1 EPS of $1.56 exceeded consensus of $1.43, with results benefiting from a provision recapture of $7 million, which contributed toward the EPS outperformance.
"Overall, we see the quarterly trends as mostly stable and in the range of prior expectations," the note said.
The report said the outlook was also consistent, pointing to net interest income momentum over the next year, along with the expectation for a "decent" positive operating leverage.
RBC raised its price target to $68 from $64 while maintaining its sector perform rating on the stock.
Price: $62.20, Change: $-0.85, Percent Change: -1.36%