Jim Cramer on Zions Bancorporation: "I've Never Really Felt They Were That Good a Bank"

Zions Bancorporation, National Association (NASDAQ:ZION) is one of the stocks in Jim Cramer’s recent game plan. Cramer said that he wants to know how the company “got defrauded,” as he stated:

“After the close, speak of the devil, we get results from Zions Bancorp, the regional bank that confirmed JPMorgan’s CEO Jamie Dimon’s cockroach theory of bad loans made… last week. There’s never just one. I want to know how Zions got defrauded, bad, but not related to the broader economy, good. And if we need to find out if they’re seeing more weakness, widespread weakness, and they could. I’ve never really felt they were that good a bank.”

Zions Bancorporation, National Association (NASDAQ:ZION) provides commercial, small business, and retail banking services, including loans, deposits, and wealth management. Additionally, the company offers capital markets, investment banking, and real estate financing solutions. During the April 17 episode, Cramer called it a “boring” bank. He commented:

“Now it all starts with the banks, specifically two really incredibly boring banks, Comerica and Zions Bancorp. Now both are considered suspect. They have high yields, you can tell that. But the banks have been outstanding in this environment, no tariff exposure, low charge off, decent loan growth, and hopefully some boost from deregulation down the road, which is what a lot of people voted President Trump for.”

Zions Bancorporation, National Association’s (NASDAQ:ZION) stock has gained over 12% since the above comment.

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Disclosure: None. This article is originally published at Insider Monkey.