Why Zions Bancorp Stock Rose 17.9% This Week

Zions Bancorp (NASDAQ: ZION) bounced back this week, as its stock price jumped 17.9% as of Friday at 1:30 p.m. ET, according to S&P Global Market Intelligence. The stock had been up as much as 23.3% during the week. However, the stock remains down about 46% year to date as of Friday at 1:30 p.m. ET, trading at around $26 per share.

The markets were up this week, as the S 500 gained 1.7%, the Dow Jones Industrial Average rose 0.5%, and the Nasdaq Composite climbed 3.1% this week, as of Friday at 1:30 p.m. ET.

There has been a lot of bad news for bank stocks this year, particularly regional banks, but some good news helped to lift the industry this week.

Source Fool.com