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Stock Market & Financial Investment News

News Breaks
July 28, 2014
06:26 EDTZIONFederal Reserve does not object to Zions Bancorp FY14 capital plan
The Federal Reserve's Board of Governors has notified Zions Bancorporation that it did not object to the capital actions as outlined in its 2014 capital plan, as resubmitted to the Federal Reserve on April 30. Capital actions contemplated by the plan included the continued payment of preferred and common dividends at the current rates. The resubmitted plan included a proposed issuance of $400M of common equity in Q3, however, Zions has determined to increase that amount.
News For ZION From The Last 14 Days
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February 5, 2016
06:47 EDTZIONActivist investors eyeing U.S. banks for merger waves, Reuters says
Activist investors are targeting the U.S. banking sector, betting that the headwinds the industry is experiencing will accelerate consolidation among such companies, Reuters reports. Banks historically have stayed out of the line of sight of activist investors, with certain exceptions, though rate and regulatory pressures could result in a wave of M&A for SMID-cap institutions, the report says. Potential activist candidates include Comerica Bank (CMA), which Hudson Executive Capital acquired a $56M stake in earlier this week, and Zions (ZION), Reuters notes. Reference Link
January 25, 2016
16:13 EDTZIONZions Bancorp reports Q4 EPS 43c, consensus 41c
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