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Why Zions Bancorp Stock Rose 17.9% This Week

Why Zions Bancorp Stock Rose 17.9% This Week

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. Zions Bancorp, the 36th largest U.S. bank with about $89 billion in assets, was among those that benefited. The primary driver appeared to be news from one of its competitors, Western Alliance Bancorp, which reported a surge in deposits so far in the second quarter.