Zions Bancorp jumps on Q2 profit beat, brokerage PT hikes
** Shares of U.S. regional lender Zions Bancorp ZION.O rise ~3.7% to $51.32 premarket
** ZION after market on Monday reported Q2 profit of $1.28 per share vs $1.11 per share a year earlier
** Analysts on average had expected $1.10 per share, according to LSEG data
** Net interest margin expanded to 2.98% in Q2 from 2.92% in the year-ago period; quarterly net interest income (NII) rose 1% to $597 mln
** ZION's loans and leases in Q2 came in at $58.4 bln, up 3%
** At least seven brokerages raise price targets on the stock after results
** "Modest margin expansion helped support NII growth, while core fee revenues were higher, and core expenses were relatively stable," analysts at RBC Capital Markets say
** As of last close, ZION up 12.8% YTD vs a 4.8% gain in the KBW Regional Banking index .KRX
Reporting by Manya Saini in Bengaluru
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