JPMorgan Has a Neutral Outlook on Zions Bancorporation (ZION)

Zions Bancorporation, National Association (NASDAQ:ZION) is one of the new stocks David Tepper has bought. As of December 29, the average price target for ZION suggests an upside of 6%; however, the Street high indicates an upside of 26%. In Q3 2025, David Tepper purchased 285,000 shares of ZION valued at $16.1 million.

On December 16, The Fly reported that Anthony Elian, an analyst from JPMorgan, maintained a Neutral rating on ZION with a price target of $67, up from $62. JPMorgan forecasts “solid upside potential” in 2026 for regional banks. The positive drivers include further rate reductions by the Fed, steady loan growth, and increased mergers and acquisitions, according to the analyst’s note to investors.

Separately, on December 18, Matthew Clark, a Piper Sandler analyst, reiterated a Hold recommendation on Zions Bancorporation with a price target of $63.

In a corporate update dated December 22, Zions Bancorporation reported that the President and Chief Executive Officer of the Zions Bank segment, Paul Burdiss, is retiring effective December 31, 2025. His position will be succeeded by Nathan Callister, who is the bank’s Executive Vice President and Executive Director of Commercial Banking. He has also previously worked at Wells Fargo Bank in an executive role.

Zions Bancorporation, National Association (NASDAQ:ZION) is a Utah-based regional bank that offers commercial and small business banking, retail banking, investment banking, real estate financing, and wealth management.

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