Zions Bancorporation (Nasdaq:ZIONS) is about to release earnings. Ponder this Bear Case Scenario as you contemplate management’s comments. 40% of their lending is in California, Nevada and Arizona. These states are still struggling. Non accrual loans are around 2% which is dangerously high. Zions needs to stick handle their way out of this and soon.
George Gutowski writes from a caveat emptor perspective.