Why Zions Bancorporation Stock Rose 20.6% This Week

Zions Bancorporation (NASDAQ: ZION) saw its share price rise 20.6% this week as of Friday at 10:00 a.m. ET, according to S&P Global Market Intelligence. It had risen as much as 24.3% this week. Its stock price is down about 24% year to date, trading at around $37 per share.

The broader markets plodded along this week, as the S 500 was only up 0.8%, while the Dow Jones Industrial Average was up 2%, and the Nasdaq Composite was flat as of Friday morning.

Zions Bancorporation posted second-quarter earnings on Thursday that beat analysts' estimates. The bank posted net earnings of $166 million, down from $195 million last June 30, with earnings per share (EPS) at $1.11. That was ahead of the $1.08 EPS consensus estimate.

Source Fool.com