Stockchase Opinions

Jim Cramer - Mad Money Zions Bancorp ZION-N DON'T BUY Jun 10, 2024

Was kicked off the S&P in March

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.

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Stock price when the opinion was issued

banks
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DON'T BUY

#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?