TD Cowen cuts target for Zions Bancorp stock to USD 69.00
Published on 10/06/2026 at 16:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Zions Bancorp (ISIN US9897011071) received a lower TD Cowen price target of USD 69.00, down from USD 73.00, in a research note dated October 5, 2026, according to MarketBeat. TD Cowen maintained a Hold rating, putting the latest analyst action against a second-quarter earnings performance that exceeded consensus.
Target cut meets strong earnings
MarketBeat reported adjusted earnings per share of USD 1.74 for the second quarter of 2026, compared with USD 1.57 consensus, a USD 0.17 difference. Revenue reached USD 1.14 billion in the same quarter, up 35.70 percent from the prior-year period and above the USD 877.44 million consensus estimate.
The result gives the target reduction a clear counterpoint. TD Cowen lowered its target by USD 4.00, while the reported quarterly earnings figure exceeded consensus by USD 0.17 and revenue grew 35.70 percent year over year.
One-time gains shape the quarter
For the quarter ended June 30, 2026, Zions reported USD 452.00 million in net earnings to common shareholders and diluted earnings per share of USD 3.05, according to StockTitan. The filing summary identifies a USD 215.00 million gain from the sale of Visa Class B-1 shares and USD 37.00 million in net unrealized SBIC investment gains.
Core banking indicators also moved higher. Net interest income was USD 677.00 million, up 4.00 percent year over year, while net interest margin increased to 3.27 percent from 3.17 percent and tangible book value per common share rose 22.00 percent to USD 44.74.
Analyst targets remain divided
The latest target sits below several earlier broker expectations, but the broader view remains mixed. MarketBeat listed six Buy ratings, ten Hold ratings and three Sell ratings, with an average target of USD 72.12. Against the Nasdaq price of USD 63.32 on October 6, 2026, that average target lies 13.90 percent above the market price.
Nasdaq valuation sets the reference
ZION was trading at USD 63.32 on Nasdaq at 10:39 a.m. EDT on October 6, 2026. The market capitalization was USD 9.2 billion, and the 52-week range was USD 46.19 to USD 73.34, leaving the latest quote USD 10.02 below the yearly high.
Zions Bancorp key facts
- Company: Zions Bancorporation, National Association
- ISIN: US9897011071
- Ticker: ZION
- Primary exchange: Nasdaq
- Market capitalization: USD 9.2 billion (as of October 6, 2026)
- 52-week range: USD 46.19-USD 73.34 (as of October 6, 2026)
- Sector / Industry: Financial Services / Banks - Regional
