Zions Trades Mountain of Cash for Mountain of Fixed-Income Securities
Zions Bancorp spent the fourth quarter putting cash to work and posted earnings of $0.60 per share, a year-over-year increase of nearly 40%. However, net interest income after provisions grew only 13.4% during that time. This is because much of the gains have been derived from the company’s ardent cost control. Zions’ efficiency ratio has fallen to 64.5%, a more than 500-basis-point improvement from 2015. Early in 2016, the company made a goal of generating an efficiency ratio below 66%. We are ...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.
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