Zions Bancorporation National Association, the Financial sector company, was revisited by a Wall Street analyst today. Analyst Manan Gosalia from Morgan Stanley maintained a Buy rating on the stock and has a $68.00 price target.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Manan Gosalia has given his Buy rating due to a combination of factors, despite the near‑term disappointment on net interest income and margin. He acknowledges that first‑quarter NII and NIM came in below both his and the Street’s forecasts, leading him to modestly lower forward NII expectations, while still modeling solid growth over 2026 and early 2027 with potential upside if rate cuts are fewer than expected.
At the same time, he emphasizes that Zions’ positive operating leverage story for 2026 remains intact and is a key pillar of his constructive stance. Management’s reaffirmed target for meaningful operating leverage, the benefits from terminated swap roll‑offs, expected loan growth, and recent systems investments support a view that earnings can outpace expenses, leaving his operating leverage forecast above consensus and underpinning his Overweight/Buy recommendation.
Gosalia covers the Financial sector, focusing on stocks such as Fifth Third Bancorp, Huntington Bancshares, and JPMorgan Chase. According to TipRanks, Gosalia has an average return of 8.0% and a 58.11% success rate on recommended stocks.
In another report released today, Robert W. Baird also maintained a Buy rating on the stock with a $68.00 price target.