News / Utah / 

Mixed news for Zions Bank shares

Mixed news for Zions Bank shares



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

(KSL News) Some mixed news for a prominent Utah bank that, like many in its industry, faces tough economic news.

Zions Bancorp says its second-quarter profit dropped 55 percent below analysts' expectations. It set aside more than $114 million to cover bad loans.

Meantime, the corporation's stock has rebounded strongly. It fell more than 20 percent Monday, but today climbed back 30 percent, finishing above $25 a share.

A spokesman told us, "We're still very profitable."

Related Links

SIGN UP FOR THE KSL.COM NEWSLETTER

Catch up on the top news and features from KSL.com, sent weekly.
By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

KSL Weather Forecast