{
  "id": 15721929,
  "title": "Jefferies cuts Zions Bancorp stock price target on NII miss",
  "url": "https://urgent.news/2026/10/20/jefferies-cuts-zions-bancorp-stock-price-target-on-nii-miss",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T08:42:54.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/analyst-ratings/jefferies-cuts-zions-bancorp-stock-price-target-on-nii-miss-93CH-4959178"
  },
  "original_language": "en",
  "account": "Jefferies has reduced its price target for Zions Bancorp stock from $80 to $75 while keeping a Buy rating. The bank's latest quarterly results showed a core earnings per share of $1.77, surpassing Jefferies' own estimate of $1.63 and the average analyst estimate of $1.66. However, core pre-provision net revenue of $338 million fell short of the projected $346 million. Despite this, Zions appears undervalued according to InvestingPro's Fair Value calculation. The bank's net interest margin fell by 4 basis points to 3.23% due to higher deposit costs and excess liquidity. Net interest income and fees failed to meet expectations, but credit performance helped the earnings beat. Zions expects 8% to 12% growth in net interest income over the next year, assuming three interest rate hikes. The bank forecasts a mid-3% net interest margin by 2027 through asset repricing, balance sheet restructuring, and reduced wholesale funding. Net charge-offs dropped to 2 basis points, and classified loans decreased, though nonaccrual loans rose by $19 million. Zions has raised its dividend for 13 consecutive years, currently offering a 3.04% yield.",
  "summary": null,
  "key_points": [
    "Jefferies lowers Zions Bancorp target from $80 to $75",
    "Core NII of $338M misses projected $346M",
    "Bank expects 8%-12% NII growth next year"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Jefferies cuts BOK Financial stock price target on weaker fees",
        "url": "https://urgent.news/2026/10/20/jefferies-cuts-bok-financial-stock-price-target-on-weaker-fees",
        "published": "2026-10-20T08:42:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}