Zions Bancorporation (ZION) is a bank holding company headquartered in Salt Lake City, Utah. Zions Bancorporation has historical and cultural ties to The Church of Jesus Christ of Latter-day Saints (LDS). The bank was founded in 1873 by Brigham Young and other prominent members of the LDS Church, and has maintained close ties with the church throughout its history. Zions Bancorporation has a long-standing relationship with the LDS Church and many of its leaders and members. The bank has provided financial services to the church and its members for many years, and has also supported a variety of church-related projects and initiatives. For example, Zions Bancorporation has provided financing for the construction of church buildings, temples, and other facilities, and has also supported church-sponsored humanitarian and charitable efforts.
as of March 13, 2023
The stock hit $22.58 today, which would have been an all time great buy. Last week it was at a $50 stock, now it’s down nearly 50%. The bank would be one of the last that I’d expect to have a run considering its close ties with the LDS community. Anything around $30 should be good for the next year.