Zions Bancorporation (NASDAQ:ZION)

CAPS Rating: 3 out of 5

The Company provides a full range of banking and related services through its banking and other subsidiaries, primarily in Utah, California, Texas, Arizona, Nevada, Colorado, Idaho, Washington, and Oregon.

Recs

5
Player Avatar tenmiles (99.65) Submitted: 3/13/2009 12:12:10 PM : Underperform Start Price: $8.79 ZION Score: -59.37

High exposure to RE loans; expect rating agencies to get this one a two notch downgrade soon - seller around $9

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Member Avatar SwordAgain (< 20) Submitted: 4/21/2009 11:44:38 AM
Recs: 0

Spot on as vindicated in today's earnings announcement and the double downgrade by S&P. Company says it has record amounts of liquidity and all is well. But the markdowns and loss provisions continue. Capital ratios likely to need augmentation. We've seen this before. The financial company denying it will need capital and then going to the market for capital in a matter of weeks. When will the charades end on these companies? Quite an embarrassment to the fed and Geitner.

Member Avatar t1gallery (< 20) Submitted: 8/20/2009 4:37:50 PM
Recs: 0

dear tenmiles - i will take a billion shares around $9. I bought mine at $8.99 and $10.24. just a few thousand. maybe they were yours. please sell me some more. t1gallery

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