Zions Posts Ninth Quarterly Loss Because of Delinquent Real Estate Loans

Zions Bancorporation, the best- performing bank in the Standard & Poor’s 500 Index last year, reported a ninth straight quarterly loss as it struggles with delinquent loans tied to real estate. The fourth-quarter loss narrowed to $72.2 million, or 62 cents a share, from $184.1 million, or $1.26, a year earlier, the Salt Lake City-based company said today in a statement. The average estimate of 31 analysts surveyed by Bloomberg was for an adjusted loss of 36 cents a share. Read More: http://www.bloomberg.com/news/2011-01-24/zions-reports-ninth-straight-quarterly-loss-on-delinquent-property-loans.html