$ZION - ZIONS SELL-OFF DEEMED ‘OVERDONE’- MORGAN STANLEY Zions Bancorp’s 3Q loss and fraud allegations against certain borrowers spooked investors, triggering a 13% drop. Morgan Stanley says the reaction is overblown, noting no signs of wider issues and limited exposure to risky non-depository loans. Shares rebound 2.9%.

$ZION - ZIONS’ $50M LOAN LOSS SPURS OVERDONE SELL-OFF Zions Bancorp’s $50M loan charge caused a 13% stock drop to $46.93, but analysts say the panic was overblown. Baird upgraded the stock to Outperform with a $65 target, calling the loss a one-off fraud issue, not a systemic risk. Shares rose 4.3% in premarket trading. Raymond James agreed the risk seems contained but flagged rising at-risk loans. Zions reports Q3 earnings Monday.

$ZION ZIONS BANCORP SHARES CONTINUE DECLINES, LAST DOWN 13%

REGIONAL BANKS HIT BY BAD LOANS. Shares of Zions Bancorporation ( $ZION) fell up to 6.4% after a $50M charge-off tied to a loan from California Bank & Trust. Western Alliance Bancorporation ( $WAL) dropped 11% over a collateral issue with a borrower and exposure to the collapse of First Brands Group. The bank said its 2025 outlook remains unchanged. Losses from bad loans have been rising, following recent write-downs by JPMorgan Chase & Co. and Fifth Third Bancorp after Tricolor Holdings’ bankruptcy.