Rising Rates and Improving Credit Benefiting Zions' Bottom Line
Though no-moat Zions did see a meaningful increase in earnings, the bank only saw a small acceleration in loan growth during the third quarter. We’ll remind investors that while Zions has significant potential to increase net interest margins, the company hasn’t been able to meaningfully shift its earning assets away from lower yielding securities and into loans with better yields. During the period, gross loans grew by 1.3% on a sequential basis, while year-over-year growth was just 3.8%. In th...Zions is a commercial bank. The company provides a range of banking and related services, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company provides community banking services through its main business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; capital markets activities, including municipal finance advisory and underwriting; and investment activities.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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