Investing.com - Zions reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Zions announced earnings per share of $1.59 on revenue of $703M. Analysts polled by Investing.com anticipated EPS of $1.01 on revenue of $699.24M.
Zions shares are up 13% from the beginning of the year, still down 3.69% from its 52 week high of $51.22 set on January 14. They are outperforming the Nasdaq which is up 2.4% from the start of the year.
Zions follows other major Financial sector earnings this month
Zions's report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.79 on revenue of $30.16B, compared to forecasts EPS of $2.62 on revenue of $28.67B.
Bank of America had beat expectations on Tuesday with fourth quarter EPS of $0.59 on revenue of $20.1B, compared to forecast for EPS of $0.5474 on revenue of $20.56B.
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