US : Zions Bancorporation, N.A. - ZION | 4Q Beat-and-Raise Driven By Better Credit; Reiterate Strong Buy

We reiterate our Strong Buy rating on shares of Zions following its release of 4Q financial results. The quarter was highlighted by the better-than-expected credit metrics and significant reserve releasethat led to the EPS beat. Additionally, deposit growth was impressive, but the excess liquidity