. Adding its excess capital to its loan loss reserve of $1.6 billion, Zions has about $5 billion of capital and reserves as a cushion against potential credit losses. With an average loss of $1 billion, the bank now has enough cash to withstand five years of credit losses, Adams said. Brian Klock, an analyst at New York investment bank Keefe Bruyette and Woods, said Zions arranged the deal because it wants to pay back $1.4 billion in TARP funds it received from the government in 2008. "The transaction helps them get closer to that goal by lowering the risk of one of their pool of investments," Klock said 
Share:  . Adding its excess capital to its loan loss reserve of $1.6 billion, <span class="company">Zions</span> has about $5 billion of capital and reserves as a cushion against potential credit losses. With an average loss of $1 billion, the bank now has enough cash to withstand five years of credit losses, Adams said.<span class="sent"> <span class="analyst">Brian Klock</span>, an analyst at New York investment bank Keefe Bruyette and Woods, said <span class="company">Zions</span> arranged the deal because it wants to pay back $1.4 billion in TARP funds it received from the government in 2008.</span> "The transaction helps them get closer to that goal by lowering the risk of one of their pool of investments," Klock said..... Adding its excess capital to its loan loss reserve of $1.6 billion, <span class="company">Zions</span> has about $5 billion of capital and reserves as a cushion against potential credit losses. With an average loss of $1 billion, the bank now has enough cash to withstand five years of credit losses, Adams said.<span class="sent"> <span class="analyst">Brian Klock</span>, an analyst at New York investment bank Keefe Bruyette and Woods, said <span class="company">Zions</span> arranged the deal because it wants to pay back $1.4 billion in TARP funds it received from the government in 2008.</span> "The transaction helps them get closer to that goal by lowering the risk of one of their pool of investments," Klock said....With an average loss of $1 billion, the bank now has enough cash to withstand five years of credit losses, Adams said.<span class="sent"> <span class="analyst">Brian Klock</span>, an analyst at New York investment bank Keefe Bruyette and Woods, said <span class="company">Zions</span> arranged the deal because it wants to pay back $1.4 billion in TARP funds it received from the government in 2008.</span> "The transaction helps them get closer to that goal by lowering the risk of one of their pool of investments," Klock said. "In doing so, it strengthens their capital ratios to target levels the regulators would approve of to allow them to repay TARP," Klock said. What those levels are isn't clear. Tweet this   read full story

Nevertheless, Zions is working toward the day when it can return the money. CEO Harris Simmons has said the bank accepted TARP money mainly to avoid sending a signal that it didn't qualify for the funds. Zions has said in the past that it will repay the TARP money only after showing some consistent level of profitability. It also wants to see evidence that the economy is healing at a steady pace. 
Share:  Nevertheless, <span class="company">Zions</span> is working toward the day when it can return the money. <span class="sent">CEO <span class="analyst">Harris Simmons</span> has said the bank accepted TARP money mainly to avoid sending a signal that it didn't qualify for the funds.</span> <span class="company">Zions</span> has said in the past that it will repay the TARP money only after showing some consistent level of profitability. It also wants to see evidence that the economy is healing at a steady pace. Tweet this   read full story

Analysts said that Zions entered into a swap with Deutsche Bank to reduce Zions' risk weighted assets by about $4 billion, and called the widely anticipated move the right choice, as it would be less dilutive than issuing equity. 
Share:  <span class="sent">Analysts said that <span class="company">Zions</span> entered into a swap with <span class="analyst">Deutsche Bank</span> to reduce <span class="company">Zions</span>' risk weighted assets by about $4 billion, and called the widely anticipated move the right choice, as it would be less dilutive than issuing equity.</span> Tweet this   read full story

Lack of demand is forcing some banks to be more aggressive competing for the good credit prospects out there. Salt Lake City's Zions Bancorp is seeing bigger national banks coming into its pasture looking for customers, Chief Financial Officer Doyle Arnold said Monday. "What we have seen in the last couple of months is a fairly significant increase in price competition for the better quality, larger commercial loans and perhaps more modest increase in competition for more typical smaller business loans," he said. The bank has been careful about matching loan pricing and terms, "but it seems pretty clear this price competition is real," and the company is in some instances meeting it, he added. 
Share:  Lack of demand is forcing some banks to be more aggressive competing for the good credit prospects out there. <span class="sent">Salt Lake City's <span class="company">Zions</span> Bancorp is seeing bigger national banks coming into its pasture looking for customers, Chief Financial Officer <span class="analyst">Doyle Arnold</span> said Monday.</span> "What we have seen in the last couple of months is a fairly significant increase in price competition for the better quality, larger commercial loans and perhaps more modest increase in competition for more typical smaller business loans," he said. The bank has been careful about matching loan pricing and terms, "but it seems pretty clear this price competition is real," and the company is in some instances meeting it, he added. Tweet this   read full story

Zions has yet to repay $1.4 billion in government bailout funds. CEO Harris Simmons has said the company needs to break even or be "somewhat" profitable before considering repayment. David Rochester, an analyst at FBR Capital Markets Corp who has an "outperform" rating on the stock, wrote in a note to investors Monday that Zions "needs an additional $200 million plus" in cash to be able to repay the Troubled Asset Relief Program. "Zions's recent capital actions and its meaningful reserve build since the first half of 2009 have placed the company on a much stronger footing to withstand future credit losses and repay TARP in fiscal year 2011," Rochester said 
Share:  <span class="company">Zions</span> has yet to repay $1.4 billion in government bailout funds. <span class="sent">CEO <span class="analyst">Harris Simmons</span> has said the company needs to break even or be "somewhat" profitable before considering repayment.</span> David Rochester, an analyst at FBR Capital Markets Corp who has an "outperform" rating on the stock, wrote in a note to investors Monday that <span class="company">Zions</span> "needs an additional $200 million plus" in cash to be able to repay the Troubled Asset Relief Program. "<span class="company">Zions</span>'s recent capital actions and its meaningful reserve build since the first half of 2009 have placed the company on a much stronger footing to withstand future credit losses and repay TARP in fiscal year 2011," Rochester said... .. Tweet this   read full story

7/19/2010 Zions Bancorp ( NASDAQ:ZION ) reported a Q2 net loss of $135.2 million, or $0.84 per share, compared to a loss of $86.5 million, or $0.57 per share, in the first quarter. Revenues for the quarter were $522.76 million. 
Share:  <span class="sent">7/19/2010 Zions Bancorp ( <span class="company">NASDAQ:ZION</span> ) reported a Q2 net loss of $135.2 million, or $0.84 per share, compared to a loss of $86.5 million, or $0.57 per share, in the first quarter.</span> Revenues for the quarter were $522.76 million. Tweet this   read full story

Macquarie downgrades Zions Bancorporation (Nasdaq: ZION ) from Outperform to Neutral. To see all the upgrades/downgrades on shares of ZION, visit our Analyst Ratings page. 
Share:  <span class="sent">Macquarie downgrades <span class="company">Zions Bancorporation</span> (Nasdaq: ZION ) from Outperform to Neutral. To see all the upgrades/downgrades on shares of ZION, visit our Analyst Ratings page.</span>...<span class="sent">Macquarie downgrades Zions Bancorporation (Nasdaq: <span class="company">ZION</span> ) from Outperform to Neutral. To see all the upgrades/downgrades on shares of <span class="company">ZION</span>, visit our Analyst Ratings page.</span> Zions Bancorporation (Zions) is a financial holding company.+0.00. Tweet this   read full story