Zions Brings a Successful 2018 to a Close, Gains From Here Will Be Tougher
No-moat-rated Zions' fourth-quarter results were largely in line with our expectations. Quarterly earnings per share were $1.08, up dramatically from $0.54 in the fourth quarter of 2017. This brought full-year earnings to $4.08 per share, roughly in line with our expectations of $4.10 per share. The return on assets and return on tangible equity were 1.34% and 14.5%, respectively. This brought full-year returns on tangible equity to a consistent mid-single digit level, a significant improvement ...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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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.
We have operations in 27 countries.
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