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Stock Market & Financial Investment News

News Breaks
March 24, 2014
14:03 EDTZIONFitch doesn't believe Zions' rating will be impacted by submission of new plan
Fitch Ratings says Zions Bancorporation recently failed the Dodd-Frank Act Stress Tests, DFAST, conducted by the Federal Reserve. In the severely adverse stress test scenario, ZION's ending Tier 1 common equity ratio was 3.6%, well below the 5.0% threshold for passing the test set by regulators. ZION plans to submit a new capital plan soon that will include actions including reduction of risk or increases in capital that brings the company's overall ratios inline or higher than stress test minimums. Fitch added, "Fitch does not believe that ZION's ratings, currently 'BBB-/F3' will be impacted by this development, but it is possible that the Rating Outlook could be revised to Stable from Positive largely predicated on management's response to this development."
News For ZION From The Last 14 Days
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October 20, 2014
16:13 EDTZIONZions Bancorp reports Q3 EPS 40c, consensus 44c
The estimated Tier 1 common equity ratio increased to 11.88% at September 30. Net loans and leases held for investment increased $110M to $39.7B. The allowance for credit losses was $690M. Tangible book value per share for Q3 was $26.00.
15:30 EDTZIONNotable companies reporting after market close
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