ZIONO Overview

Acquisition Announcement: Zions Bancorporation has announced its intention to acquire Fannie Mae and Freddie Mac's business line from Basis Investment Group.

Strategic Move: This acquisition is part of Zions Bancorporation's strategy to expand its offerings and enhance its market position in the financial services sector.

Target Price Increase: Piper Sandler has raised the target price for Zions Bancorporation from $63 to $65.

Market Implications: This adjustment reflects a positive outlook on the bank's performance and potential growth in the financial sector.

Quarterly Dividend Announcement: Zions Bancorporation declared a quarterly dividend of $0.43 per common share, payable on November 21, 2024, to shareholders of record by November 14, 2024.

Preferred Shares Dividends: The board also announced cash dividends for various perpetual preferred shares, payable on December 16, 2024, to shareholders of record by December 1, 2024.

Quarterly Dividend Announcement: Zions Bancorporation declared a quarterly dividend of $0.43 per common share, payable on November 21, 2024, to shareholders of record by November 14, 2024.

Preferred Shares Dividends: The board also announced cash dividends for various perpetual preferred shares, payable on December 16, 2024, to shareholders of record by December 1, 2024.

Quarterly Dividend Announcement: Zions Bancorporation declared a quarterly dividend of $0.41 per common share, payable on August 22, 2024, to shareholders of record by August 15, 2024, along with cash dividends for various perpetual preferred shares payable on September 15, 2024.

Company Overview: Founded in 1873, Zions Bancorporation operates across 11 western states with total assets of approximately $87 billion and net revenue of $3.1 billion in 2023, recognized for its customer service in banking and public finance advisory services.