#2 loser in Q2, down 39%. Like SVB, has large potential losses in its bad bonds, so it heavily shorted. Many expected this bank to go under, and they may need to put themselves up for sale. Who would buy them?
It's actually outperformed the S&P in this time, but ZION was punished heavily in last year's regional bank meltdown, so shares have been gradually improving. The stock is neither great nor terrible.
#2 loser in Q2, down 39%. Like SVB, has large potential losses in its bad bonds, so it heavily shorted. Many expected this bank to go under, and they may need to put themselves up for sale. Who would buy them?