Strategic Insights into Banking & Fintech

Zions in Utah to report big gain from selling Visa shares

Zions Bancorp. in Salt Lake City will report a big gain from selling Visa stock.

The Salt Lake City company disclosed in a regulatory filing that it sold 460,000 shares it gained in 2007 tied to Visa’s restructuring and public offering.

Zions said it will report a $215 million pretax gain from the sale in the second quarter.

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