This Mispriced Investment Grade Bond From Zions Bancorporation Offers 5% Upside To Fair Value [Seeking Alpha]
Zions Bancorporation N.A. (ZION)
Last zions bancorporation n.a. earnings: 4/20 04:10 pm
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zionsbancorp.com
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Source: Seeking Alpha
SummaryWith the Treasury yields at all-time lows, the investment-grade corporate debt is also moving to yields never seen before.ZIONL is lagging the shift to lower yields and presents us with a great, risk-adjusted return. It is definitely undervalued and the Alpha it has serves as a shield.The income investor can lock 1.5% higher yield to maturity with this bond while not taking any extra risk compared to similar corporate bonds.Note: The article was first published to our subscribers on May 22, 2020IntroductionWith all the action in the coming months, many investors still think that there are safe, double-digit yields all over the place. We will take a deep look in the investment-grade financial bonds to show you the real picture which is not that generous. We would also like to present to you what we consider to be one of the last remaining undervalued investment-grade baby bonds. The product in question is Zions Bancorporation (NASDAQ:ZIONL and its metricsZIONL is 6.95% fixed-to-
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ZION
News
- Zions Bancorporation, National Association (NASDAQ: ZION) had its price target lowered by analysts at UBS Group AG from $47.00 to $45.00. They now have a "neutral" rating on the stock.MarketBeat
- Zions Bancorporation, National Association (NASDAQ:ZION) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Zions Bancorporation, National Association (NASDAQ: ZION) had its price target raised by analysts at Royal Bank of Canada from $46.00 to $47.00. They now have a "sector perform" rating on the stock.MarketBeat
- Compared to Estimates, Zions (ZION) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Zions Bancorporation, National Association Reports First Quarter Financial Results [Yahoo! Finance]Yahoo! Finance
ZION
Earnings
- 4/22/24 - Miss
ZION
Sec Filings
- 4/4/24 - Form PX14A6G
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- ZION's page on the SEC website