First Horizon Stock (NYSE:FHN), Trade Ideas

First Horizon

First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.

Wall Street ai6

Analyst Color

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Equities

Large Cap

Macro Economic Events

Mid Cap

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Commodities

Global

Econ #s

Economics

Federal Reserve

Analyst Ratings

Tech

ETFs

$BTC

ASML

SPDR Dow Jones Industrial Average ETF Trust

JBHT

iShares Trust Barclays 20+ Year Treasury Bond Fund

A sentiment of risk aversion looms over the markets during Wednesday’s trading session, triggering midday losses across the board in stocks and cryptocurrencies and prompting a flight towards bonds, as investor confidence remains dampened by geopolitical and economic risks.

Stocks Fall As Geopolitics, Economic Worries Spook Investors, Chipmakers Sell Off, Bitcoin Tumbles To $60,000: What&#39;s Driving Markets Wednesday?

nyse shutter

Earnings

News

Futures

Previews

Pre-Market Outlook

Markets

Movers

Trading Ideas

U.S. stocks are priming for a firmer start on Wednesday, potentially striving to inflect higher from the weakness seen so far in April. As some bullish market watchers pointed out there could be an inflection from the second half of April, with earnings potentially serving as an upside catalyst. 

Wall Street Poised To Rebound From Slump As Earnings Optimism Grows: Analyst Eyes This S&amp;P 500 Level As Attractive Entry Point

Long Ideas

Upgrades

Price Target

Shares of First Horizon Corp (NYSE: FHN) have been in focus amid pressure on the broader regional bank sector.

First Horizon Analyst Sees &#39;Increased Potential For More Aggressive Capital Return&#39; In 2024

First Horizon Corp

FOSCHINI GROUP UNSP/ADR by Foschini Group Ltd. (The)

Foschini Group Ltd

First Horizon Corporation Depositary Shares, each representing a 1/400th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series B

First Horizon Corporation Depositary Shares, each representing a 1/400th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series C

First Horizon Corporation Depositary Shares, each representing a 1/400th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series D

First Horizon Corporation Depositary Shares, each representing a 1/4,000th interest in a share of Non-Cumulative Perpetual Preferred Stock, Series E

First Horizon Corporation Depositary Shares, each representing 1/4000th Interest in a Share of Non-Cumulative Perpetual Preferred Stock, Series F

A sentiment of risk aversion looms over the markets during Wednesday&#8217;s trading session, triggering midday losses across the board in stocks and cryptocurrencies and prompting a flight towards bonds, as investor confidence remains dampened by<a href="https://www.benzinga.com/topic/macro-economic-events"> geopolitical and economic risks.</a>
The situation in the Middle East remains highly uncertain, with Israeli Prime Minister Benjamin Netanyahu stating that despite advice from allies to avoid a retaliation against Iran, Israel will make its own decisions on security.
Investors also parsed through the latest remarks from Fed Chair Jerome Powell, which officially dashed hopes for imminent rate cuts amid a lack of confidence about disinflation.
The S&amp;P 500 declined by 0.5% by 1.15 p.m. EDT, while the tech-heavy Nasdaq 100 underperforming, down by 1.2%. Semiconductors were among the weakest-performing industries, with the VanEck Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) falling by 2.5%, on track to close at its lowest level in nearly two months.
Investors sought refuge in Treasuries for liquidity, causing yields to drop by 8 basis points in the 10-year tenor, while the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rallied by 1%. Gold softened by 0.5%, while silver managed to inch up by 0.8%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) faced significant downward pressure, with the largest cryptocurrency plummeting by 5.2% and hitting an intraday low of $59,650, now down 18% since its peak in March.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day Chg %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>37,743.82</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,963.08</td>
<td>-0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,025.59</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,524.58</td>
<td>-1.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:15 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.5% to $501.05, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.1% lower to $377.69 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.1% to $426.78, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 1.4%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) was the major laggard, down 1%. 
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>United Airlines Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) rose over 14%, amid stronger-than-expected financial results last quarter. Peers such as American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), Delta Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) rose 4.5% and 2.5%, respectively. </li>
<li>Other companies reacting to earnings reports were J.B. Hunt Transport Services, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>), down 8%, Abbott Laboratories&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>), down 2.5%, ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), down 7.5%, First Horizon Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), up 2.2%, Travelers Companies, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>), down nearly 8%, Prologis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>), down 6.5%, and U.S. Bancorp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), down 4%. </li>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) rallied 6% after BNP Paribas initiated coverage with an Outperform rating and $177 price target. </li>
<li>Notable names reporting after the close are CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), Alcoa Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>), Discover Financial Services&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) and Las Vegas Sands Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>).</li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38297897/fund-managers-are-the-most-optimistic-since-2022-bull-sentiment-not-quite-at-close-">Fund Managers Are The Most Optimistic Since 2022: &#8216;Bull Sentiment Not Quite At Close-Your-Eyes-And-Sell Levels&#8217;</a>
Image generated using artificial intelligence via Midjourney.

Stocks Fall As Geopolitics, Economic Worries Spook Investors, Chipmakers Sell Off, Bitcoin Tumbles To $60,000: What's Driving Markets Wednesday?

WIIM

First Horizon shares are trading higher after the company reported better-than-expected Q1 financial results.

U.S. stocks are priming for a firmer start on Wednesday, potentially striving to inflect higher from the weakness seen so far in April. As some bullish market watchers pointed out there could be an inflection from the second half of April, with earnings potentially serving as an upside catalyst. 
Following Federal Reserve Chair <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38278182/powell-delays-fed-rate-cuts-we-need-greater-confidence-in-inflation-2-year-yields-spik">Jerome Powell&#8217;s speech on Tuesday,</a> most economists have dialed back expectations of rate cuts this year, as they began to bake in the possibility of the central bank staying higher for longer than expected. Against the backdrop, bond yields could also be on investors&#8217; radar.
 Futures Performance On Wednesday ( as of 6:50 a.m. EDT)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.30%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.41%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.46%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.67%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Wednesday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) added 0.45% to $505.82,&nbsp;and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.31% to $432.44, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Previous Session:
Traders, wary about the possibility of no rate cuts, showed indecision on Tuesday. The major indices moved back and forth across the unchanged line in a directionless manner before closing narrowly mixed. As Powell reentered the hawkish policy lane, the ten-year bond yield rose to the highest level since Nov. 13, 2023, on an intraday basis, reflecting the rate worries of traders. The negativity was to some extent mitigated by UnitedHealth Group, Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) positive earnings.
The Dow snapped a six-session losing streak and yet closed only modestly higher.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance In (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.12%</td>
<td>15,865.25</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.21%</td>
<td>5,051.41</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.17%</td>
<td>37,798.97</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.42%</td>
<td>1,967.48</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
With Powell signaling on Tuesday that a rate cut may not materialize this year, an analyst said the market would be better off discounting the possibility. Jamie Cox, Managing Partner at Harris Financial Group, said, &#8220;Markets need to focus on the fact that rates are sufficiently restrictive, instead of how many cuts are in the pipeline.&#8221;
Fund manager Louis Navellier expects a strong earnings season this time due to a resilient consumer and strong economy. &#8220;Once stock indexes and interest rates stabilize, and geopolitical risks subside, solid earnings should bring money in from the sidelines,&#8221; he said. The fund manager sees a 200-point or 4% drop in the S&amp;P 500 as an attractive buying opportunity.&nbsp;
Upcoming Economic Data:
The Energy Information Administration will release its customary weekly petroleum status report at 10:30 a.m. EDT.
The Treasury is set to auction 20-year bonds at 1 p.m. EDT.
The Fed will release the Beige Book report at 2 p.m. EDT, which contains anecdotal evidence of economic conditions in the 12 Fed districts.
Cleveland Fed President Loretta Mester is scheduled to speak at 5:30 p.m. EDT and &nbsp;Fed Governor Michelle Bowman at 7:15 p.m. EDT.
See Also:<a href="https://www.benzinga.com/money/best-futures-brokers"> Best Futures Brokers</a>
Stocks In Focus:
<ul>
<li>J.B. Hunt Transport Services, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) fell nearly 6%<a href="https://www.benzinga.com/premarket"> in premarket trading</a> following its quarterly results announcement, while United Airlines Holdings, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) rose over 5%.</li>
<li>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>), First Horizon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) and U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>)are among those <a href="https://www.benzinga.com/calendars/earnings">reporting earnings ahead of the market open.</a> </li>
<li>Notable names reporting after the close are CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), Alcoa Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>), Discover Financial Services&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) and Las Vegas Sands Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>).</li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures were down for a third straight session, as they fell about a percentage point to $84.58, and gold futures traded marginally lower but held above the $2,400 mark. The U.S. 10-year yielded 4.637% at the last check, slightly off from the previous session, when it rose to a five-month high.
 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose over 1% and is taking a shy at the $63,000 level — a far cry from the $72,700 level it traded at earlier this month.
Sentiment in Asia was mostly muted, with most major markets, barring China and Taiwan, seeing lackluster trading, while European stocks rebounded strongly from Tuesday&#8217;s losses.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38285563/jerome-powell-back-in-hawkish-policy-lane-why-economists-feel-feds-higher-for-longe">Jerome Powell Back In Hawkish Policy Lane? Why Economists Feel Fed&#8217;s &#8216;Higher For Longer&#8217; Narrative Hasn&#8217;t Changed: &#8216;Markets Need To Focus On The Fact That&#8230;&#8217;</a>

Wall Street Poised To Rebound From Slump As Earnings Optimism Grows: Analyst Eyes This S&P 500 Level As Attractive Entry Point

First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) reported quarterly earnings of $0.35 per share which beat the analyst consensus estimate of $0.34 by 2.94 percent. This is a 22.22 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $819.00 million which beat the analyst consensus estimate of $809.19 million by 1.21 percent. This is a 4.66 percent decrease over sales of $859.00 million the same period last year.

Earnings Beats

First Horizon Q1 Adj $0.35 Beats $0.34 Estimate, Sales $819.00M Beat $809.19M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is projected to report quarterly earnings at $3.43 per share on revenue of $6.13 billion.
&bull; VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) is expected to report earnings for its first quarter.
&bull; Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $1.86 billion.
&bull; Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) is estimated to report quarterly earnings at $0.96 per share on revenue of $9.89 billion.
&bull; First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $809.71 million.
&bull; U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $6.72 billion.
&bull; Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) is estimated to report quarterly earnings at $4.81 per share on revenue of $10.49 billion.
&bull; BankUnited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKU#NYSE">BKU</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $240.01 million.
&bull; Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) is projected to report quarterly earnings at $0.74 per share on revenue of $1.96 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) is likely to report earnings for its first quarter.
&bull; Home Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBCP#NASDAQ">HBCP</a>) is estimated to report quarterly earnings at $0.97 per share on revenue of $28.45 million.
&bull; Monarch Casino &amp; Resort (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRI#NASDAQ">MCRI</a>) is expected to report quarterly earnings at $0.96 per share on revenue of $122.32 million.
&bull; Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $2.94 billion.
&bull; Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) is estimated to report quarterly earnings at $0.71 per share on revenue of $127.43 million.
&bull; Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $4.47 billion.
&bull; Brandywine Realty Tr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDN#NYSE">BDN</a>) is expected to report quarterly earnings at $0.24 per share on revenue of $129.70 million.
&bull; First Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FR#NYSE">FR</a>) is estimated to report quarterly earnings at $0.62 per share on revenue of $161.53 million.
&bull; Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $1.40 billion.
&bull; Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) is projected to report quarterly loss at $0.43 per share on revenue of $2.58 billion.
&bull; Rexford Industrial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REXR#NYSE">REXR</a>) is likely to report quarterly earnings at $0.57 per share on revenue of $207.33 million.
&bull; Triumph Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFIN#NASDAQ">TFIN</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $106.01 million.
&bull; SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) is projected to report quarterly earnings at $2.15 per share on revenue of $158.04 million.
&bull; Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) is likely to report quarterly earnings at $0.46 per share on revenue of $69.80 million.
&bull; Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) is expected to report quarterly earnings at $1.04 per share on revenue of $47.52 million.
&bull; Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) is likely to report quarterly earnings at $0.99 per share on revenue of $548.06 million.
&bull; F N B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $407.30 million.
&bull; Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) is likely to report quarterly earnings at $0.56 per share on revenue of $1.09 billion.
&bull; Discover Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) is expected to report quarterly earnings at $2.99 per share on revenue of $4.05 billion.
&bull; Bank OZK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OZK#NASDAQ">OZK</a>) is projected to report quarterly earnings at $1.46 per share on revenue of $397.07 million.
&bull; CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) is projected to report quarterly earnings at $0.45 per share on revenue of $3.67 billion.
&bull; Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) is estimated to report quarterly earnings at $2.44 per share on revenue of $579.20 million.
&bull; Banner (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANR#NASDAQ">BANR</a>) is estimated to report quarterly earnings at $1.13 per share on revenue of $135.76 million.
&bull; Martin Midstream Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMLP#NASDAQ">MMLP</a>) is projected to report quarterly earnings at $0.07 per share on revenue of $197.40 million.
&bull; Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $1.63 billion.
&bull; Marten Transport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRTN#NASDAQ">MRTN</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $272.17 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

BANR

GSBC

HBCP

LBRT

MCRI

MMLP

MRTN

OSBC

REXR

TFIN

WTFC

XELA

Earnings Scheduled For April 17, 2024

Wedbush analyst David Chiaverini reiterates First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) with a Outperform and maintains $17 price target.

Reiteration

Wedbush Reiterates Outperform on First Horizon, Maintains $17 Price Target

Wells Fargo analyst Timur Braziler maintains First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) with a Equal-Weight and raises the price target from $14 to $16.

Wells Fargo Maintains Equal-Weight on First Horizon, Raises Price Target to $16

Shares of First Horizon Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fhn#NYSE">FHN</a>) have been in focus amid <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37424717/turmoil-at-new-york-community-bancorp-shares-tumble-over-20-triggering-regional-ban">pressure on the broader regional bank sector</a>.
This regional bank has a favorable 2024 outlook, which should allow its stock to continue to outperform peers, according to RBC Capital Markets.
The First Horizon Analyst:&nbsp;On Tuesday, Jon Arfstrom upgraded the rating for First Horizon from Sector Perform to Outperform, while raising the price target from $16 to $18.
The First Horizon Thesis: The company reported strong NIM (net interest margin) expansion in the fourth quarter and is &ldquo;ahead of peers on capturing margin tailwinds from downward deposit repricing activity and positive funding remixing,&rdquo; Arfstrom said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
He added that First Horizon could continue to reduce funding costs, improving its margins over the near-to-medium term.
The company&rsquo;s near-to-medium term fundamental outlook is favorable, &ldquo;supported by solid balance sheet growth, positive revenue trajectory, reasonable expense trends, and manageable credit outlook,&rdquo; the analyst wrote. &ldquo;Furthermore, we see increased potential for more aggressive capital return this year, with a large buyback authorization recently announced,&rdquo; he further stated.
FHN Price Action: Shares of First Horizon had risen by 0.59% to $15.24&nbsp;at the time of publication on Tuesday.
Now Read:&nbsp;<a href="https://www.benzinga.com/markets/asia/24/04/38163078/ai-could-consume-25-of-us-power-by-2030-the-more-information-they-gather-the-more-power-it-takes-war">AI Could Consume 25% Of US Power By 2030: &#39;The More Information They Gather... The More Power It Takes,&#39; Warns Arm CEO</a>
Image generated using artificial intelligence via Midjourney.

First Horizon Analyst Sees 'Increased Potential For More Aggressive Capital Return' In 2024

RBC Capital analyst Jon Arfstrom upgrades First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) from Sector Perform to Outperform and raises the price target from $16 to $18.

RBC Capital Upgrades First Horizon to Outperform, Raises Price Target to $18

Keefe, Bruyette &amp; Woods analyst Brady Gailey upgrades First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) from Market Perform to Outperform and raises the price target from $16 to $18.

Keefe, Bruyette & Woods Upgrades First Horizon to Outperform, Raises Price Target to $18

JP Morgan analyst Steven Alexopoulos maintains First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) with a Neutral and raises the price target from $16 to $17.5.

JP Morgan Maintains Neutral on First Horizon, Raises Price Target to $17.5

The redemption price will be&nbsp;$25.00&nbsp;per Series D Depository Share, corresponding to&nbsp;$10,000&nbsp;per share of Series D Preferred Stock. Accrued dividends will not be included in either redemption price because the Redemption Date is also a dividend payment date.&nbsp;The regular Series D semi-annual dividend, which was declared in January, will be paid separately in the customary manner on&nbsp;May 1, 2024&nbsp;to shareholders of record at the close of business on&nbsp;April 16, 2024.

General

First Horizon To Redeem 6.10% Fixed To Floating Non-cumulative Perpetual Preferred Stock, Series D And Corresponding Series D Depositary Shares

Analysts' ratings for First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $16.9, a high estimate of $18.00, and a low estimate of $16.00. This current average reflects an increase of 11.4% from the previous average price target of $15.17. 
<img src="https://www.benzinga.com/files/images/story/2024/1711638032_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of First Horizon among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$17.50</td>
<td>$17.00</td>
</tr>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$18.00</td>
<td>-</td>
</tr>
<tr>
<td>Brody Preston</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$15.50</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$16.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Rose</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$17.00</td>
<td>$13.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to First Horizon. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of First Horizon compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of First Horizon's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of First Horizon's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FHN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on First Horizon analyst ratings.</a>
<h2>All You Need to Know About First Horizon</h2>
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
<h3>A Deep Dive into First Horizon's Financials</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Challenges: First Horizon's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -9.65%. This indicates a decrease in top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 22.65%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): First Horizon's ROE excels beyond industry benchmarks, reaching 2.14%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): First Horizon's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.21%, the company showcases efficient use of assets and strong financial health.
Debt Management: First Horizon's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.17.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 5 Ratings For First Horizon

Evercore ISI Group analyst John Pancari maintains First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) with a Outperform and raises the price target from $17 to $17.5.

Evercore ISI Group Maintains Outperform on First Horizon, Raises Price Target to $17.5

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $16.75, along with a high estimate of $18.00 and a low estimate of $16.00. Witnessing a positive shift, the current average has risen by 17.54% from the previous average price target of $14.25.
<img src="https://www.benzinga.com/files/images/story/2024/1709931612_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of First Horizon among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$18.00</td>
<td>-</td>
</tr>
<tr>
<td>Brody Preston</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$15.50</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$16.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Rose</td>
<td>Raymond James</td>
<td>Raises</td>
<td>Strong Buy</td>
<td>$17.00</td>
<td>$13.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to First Horizon. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of First Horizon compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of First Horizon's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into First Horizon's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FHN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on First Horizon analyst ratings.</a>
<h2>Delving into First Horizon's Background</h2>
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
<h3>Key Indicators: First Horizon's Financial Health</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Negative Revenue Trend: Examining First Horizon's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -9.65% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: First Horizon's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 22.65%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 2.14%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): First Horizon's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.21%, the company showcases efficient use of assets and strong financial health.
Debt Management: First Horizon's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.17.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 4 Takes On First Horizon

Barclays analyst Jared Shaw initiates coverage on First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) with a Overweight rating and announces Price Target of $18.

Initiation

Barclays Initiates Coverage On First Horizon with Overweight Rating, Announces Price Target of $18

New York Community Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) finds itself in the eye of the storm once again. 
On Thursday, the bank publicly acknowledged a &#8220;material weakness&#8221; in its internal controls concerning loan review processes. This admission was accompanied by a major leadership change at the top, highlighting a period of <a href="https://www.benzinga.com/news/24/02/37408849/new-york-community-bancorp-stock-nosedives-after-bank-identifies-material-weakness-in-internal-contr">upheaval for the company.</a>
The bank cited &#8220;ineffective oversight, risk assessment, and monitoring activities&#8221; as the root of the issues and promised to outline a remediation plan in its forthcoming annual report to the U.S. Securities and Exchange Commission within the next 15 days.
Thomas R. Cangemi, the former CEO, stepped down immediately after 27 years at the helm of the bank but will continue to serve on the board. The bank has appointed Alessandro DiNello as the new President and CEO and Marshall Lux as the Presiding Director of the Board.
Following these announcements, New York Community&#8217;s shares plummeted by over 20% shortly after the market opened on Friday. The move dragged down the broader regional bank industry, with the SPDR Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) down over 3%. 
Among the holdings in the KRE ETF, the table below shows the worst-performing regional bank stocks, excluding NYCB, at 10 a.m. ET on Friday.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-Day Chg %</td>
</tr>
<tr>
<td>Metropolitan Bank Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NASDAQ">MCB</a>)</td>
<td>-5.02%</td>
</tr>
<tr>
<td>Flushing Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>)</td>
<td>-4.28%</td>
</tr>
<tr>
<td>Dime Community Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>)</td>
<td>-4.27%</td>
</tr>
<tr>
<td>First Foundation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFWM#NYSE">FFWM</a>) </td>
<td>-4.16%</td>
</tr>
<tr>
<td>Valley National Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NASDAQ">VLY</a>)</td>
<td>-4.15%</td>
</tr>
<tr>
<td>Axos Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AX#NYSE">AX</a>)</td>
<td>-3.86%</td>
</tr>
<tr>
<td>M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>)</td>
<td>-3.63%</td>
</tr>
<tr>
<td>Pinnacle Financial Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>)</td>
<td>-3.60%</td>
</tr>
<tr>
<td>Columbia Banking System, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>)</td>
<td>-3.54%</td>
</tr>
<tr>
<td>Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>)</td>
<td>-3.43%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">NYCB Tumbles: Analyst Reactions</h3>
&#8220;Uncertainty is the enemy of bank stock investing. And, without a doubt, the situation feels a bit uncertain at NYCB right now,&#8221; Piper Sandler analyst Mark Fitzgibbon, said. The analyst described the control weaknesses as the &#8220;most worrisome&#8221; issue, leading him to downgrade the stock from Overweight to Neutral. Piper Sandler expressed concern over potential further issues under the new leadership.
JPMorgan maintained a Neutral rating on the stock, citing a risk profile that remains outside a &#8220;comfort zone.&#8221;
David J. Chiaverini, CFA from Wedbush, highlighted that the internal control review might necessitate additional reserves, especially for the company&#8217;s exposure to NYC&#8217;s rent-regulated multifamily sector. Consequently, Wedbush lowered its core EPS estimates for 2024/2025 from 80 cents/90 cent to 55 cents/65 cents and reduced the price target from $5 to $3.50.
<h3 class="wp-block-heading">NYCB Tumbles: Regional Bank Movers</h3>
The issues at NYCB have raised broader concerns about the banking sector&#8217;s exposure to real estate loans, particularly to the office-related sector. 
According to a recent <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/36967797/new-york-community-bancorp-plummets-to-26-year-lows-on-commercial-real-estate-fears">Goldman Sachs analysis</a>, NYCB&#8217;s commercial real estate loans make up 56% of its total loan portfolio, significantly higher than the 18% average for the regional banks under their coverage.
Other banks with a substantial commercial real estate exposure – above 20% of total loans – include First Hawaiian Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FHB#NASDAQ">FHB</a>), Synovus Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>), United Bankshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBSI#NASDAQ">UBSI</a>), First Horizon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), and Citizens Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>). 
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37217267/banking-giants-confront-rising-delinquencies-in-commercial-real-estate-sector">Banking Giants Confront Rising Delinquencies In Commercial Real Estate Sector</a>
Photo: Shutterstock

Downgrades

Small Cap

COLB

DCOM

FFIC

FFWM

NYCB

PNFP

UBSI

Turmoil At New York Community Bancorp: Shares Tumble Over 20%, Regional Bank Investors Pull Back

Investors with a lot of money to spend have taken a bearish stance on First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with FHN, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for First Horizon.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the options we uncovered, 7 are puts, for a total amount of $377,040, and there was 1 call, for a total amount of $67,500.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $14.0 for First Horizon over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in First Horizon's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to First Horizon's substantial trades, within a strike price spectrum from $12.0 to $14.0 over the preceding 30 days.
<h3>First Horizon 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707336054_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FHN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$12.00</td>
<td>$180.2K</td>
<td style="text-align: right;">347</td>
<td>2.0K</td>
</tr>
<tr>
<td>FHN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/01/24</td>
<td>$14.00</td>
<td>$67.5K</td>
<td style="text-align: right;">58</td>
<td>1.5K</td>
</tr>
<tr>
<td>FHN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/01/24</td>
<td>$12.00</td>
<td>$37.5K</td>
<td style="text-align: right;">85</td>
<td>10.4K</td>
</tr>
<tr>
<td>FHN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/01/24</td>
<td>$12.00</td>
<td>$37.5K</td>
<td style="text-align: right;">85</td>
<td>2.5K</td>
</tr>
<tr>
<td>FHN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/01/24</td>
<td>$12.00</td>
<td>$35.6K</td>
<td style="text-align: right;">85</td>
<td>7.1K</td>
</tr>
</tbody>
</table>

<h3>About First Horizon</h3>
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
<h3>Where Is First Horizon Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 4,849,687, with FHN's price down by -0.36%, positioned at $13.76.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 69 days.</li>
</ul>
<h3>What The Experts Say On First Horizon</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $16.0.
<ul>
<li>An analyst from UBS has elevated its stance to Buy, setting a new price target at $16. </li>
<li>An analyst from RBC Capital has revised its rating downward to Sector Perform, adjusting the price target to $16. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for First Horizon with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Decoding First Horizon's Options Activity: What's the Big Picture?

Regional bank stocks are experiencing heightened volatility following the release of New York Community Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>)&#8217;s disappointing quarterly results, reigniting concerns about <a href="https://www.benzinga.com/news/24/01/36873484/new-york-community-bancorp-stock-is-diving-wednesday-whats-going-on">the sector&#8217;s structural challenges.</a>
Investors are particularly scrutinizing the exposure of regional banks to the commercial real estate sector, which faces significant troubles due to declining market values linked to office space prices.
According to data from Trepp, an impressive $2.77 trillion of commercial real estate debt, representing half of all outstanding commercial real estate debt, is scheduled to mature between 2023 and 2027. Notably, nearly $500 billion of this debt is due in 2024 alone and will <a href="https://www.benzinga.com/federal-reserve/24/01/36679977/office-real-estate-market-braces-for-tough-times-as-540-billion-debt-repayment-looms-in-2024">need to be refinanced.</a>
The SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), a key gauge for the sector, has fallen over 11% in the last two sessions, putting it on course for its worst two-day performance since March 13, 2023. At that time, regional banks fell in response to the failures of Silicon Valley Bank and Signature Bank, which triggered widespread panic across the industry.
As of 11 a.m. in New York on Thursday, New York Community Bancorp has seen a 46% decline in the last two sessions.
<h2 class="wp-block-heading">Chart: Regional Banks Under Pressure Again</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/01120807/KRE_2024-02-01_16-07-18_32046-1024x495.png" alt="" class="wp-image-201783" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/01120807/KRE_2024-02-01_16-07-18_32046-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/01120807/KRE_2024-02-01_16-07-18_32046-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/01120807/KRE_2024-02-01_16-07-18_32046-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/01120807/KRE_2024-02-01_16-07-18_32046-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/02/01120807/KRE_2024-02-01_16-07-18_32046.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Worst-Performing Regional Bank Stocks Thursday</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Bank name</th>
<th>Price</th>
<th>Weight In KRE ETF</th>
<th>1-Day Return</th>
</tr>
</thead>
<tbody>
<tr>
<td>New York Community Bancorp, Inc.</td>
<td>5.59</td>
<td>2.60%</td>
<td>-13.52%</td>
</tr>
<tr>
<td>Metropolitan Bank Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>)</td>
<td>42.01</td>
<td>0.16</td>
<td>-13.36%</td>
</tr>
<tr>
<td>Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>)</td>
<td>57.00</td>
<td>4.06</td>
<td>-10.88%</td>
</tr>
<tr>
<td>Valley National Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NYSE">VLY</a>)</td>
<td>8.64</td>
<td>1.27</td>
<td>-10.19%</td>
</tr>
<tr>
<td>Pinnacle Financial Partners, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NYSE">PNFP</a>)</td>
<td>79.45</td>
<td>1.60</td>
<td>-10.10%</td>
</tr>
<tr>
<td>First Foundation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFWM#NYSE">FFWM</a>)</td>
<td>8.61</td>
<td>0.23</td>
<td>-9.61%</td>
</tr>
</tbody>
</table>
</figure>
<h2 class="wp-block-heading">Analysts Assess Regional Bank Risks</h2>
Bank of America trimmed New York Community Bancorp&#8217;s price target from $13 to $6.50 amid downward revisions to earnings and revenues for 2024, although it maintained a Buy rating on the stock. 
&#8220;We don&#8217;t anticipate a quick rebound in the stock as the Street will need time to digest the significant change in earnings outlook,&#8221; BofA Global Research analyst Ebrahim Poonawala said in a note to clients. 
Poonawala suggested the fourth quarter may serve as a &#8220;kitchen-sink&#8221; quarter, implying that investors will expect the earnings outlook to fully account for the severest impacts on credit, liquidity and capital accumulation, and also that management and regulators align closely with NYCB&#8217;s balance sheet strategy.
Goldman Sachs is taking a cautious stance regarding the negative earnings report from New York Community Bancorp, attempting to contain the spillover effects to the sector. 
Analysts Ryan Nash and Christian DeGrasse said NYCB&#8217;s reserves and capital levels are lower than those of regional banking peers under their coverage.
&#8220;There could be risk of increased regulatory scrutiny for regional banks as NYCB had previously acquired Signature Bank through FDIC receivership last spring,&#8221; the analysts said. 
<h2 class="wp-block-heading">US Regional Bank Exposure To CRE Loans</h2>
A Goldman Sachs analysis shows that NYCB has a much higher concentration in commercial real estate (56% of total loans vs. 18% on average for the regionals under coverage). 
Ranking second is First Hawaiian Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FHB#NASDAQ">FHB</a>), with 30.4% exposure to commercial real estate loans. Additionally, First Hawaiian Bank presents the lowest liquidity position — determined by the ratio of cash and securities to earning assets — among its regional banking counterparts.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Bank Name</th>
<th>CRE Loans as % of total loans</th>
</tr>
</thead>
<tbody>
<tr>
<td>New York Community Bancorp</td>
<td>56.4</td>
</tr>
<tr>
<td>First Hawaiian Bank </td>
<td>30.4</td>
</tr>
<tr>
<td>Synovus Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>)</td>
<td>25.8</td>
</tr>
<tr>
<td>BankUnited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKU#NYSE">BKU</a>)</td>
<td>24.0</td>
</tr>
<tr>
<td>First Horizon National Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>)</td>
<td>22.7</td>
</tr>
<tr>
<td>Citizens Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>)</td>
<td>19.9</td>
</tr>
<tr>
<td>M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>)</td>
<td>18.9</td>
</tr>
<tr>
<td>Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>)</td>
<td>18.8</td>
</tr>
<tr>
<td>Comerica Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>)</td>
<td>17.7</td>
</tr>
<tr>
<td>Regions Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>)</td>
<td>15.9</td>
</tr>
<tr>
<td>KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>)</td>
<td>12.8</td>
</tr>
<tr>
<td>Huntington Bancshares Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>)</td>
<td>10.2</td>
</tr>
<tr>
<td>Truist Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>)</td>
<td>9.4</td>
</tr>
<tr>
<td>Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>)</td>
<td>9.1</td>
</tr>
<tr>
<td>Avg ex. NYCB</td>
<td>18.1%</td>
</tr>
</tbody>
</table>
</figure>
Read now: <a href="https://www.benzinga.com/news/24/01/36873484/new-york-community-bancorp-stock-is-diving-wednesday-whats-going-on">Assessing New York Community: Insights From 7 Financial Analysts</a>
Photo via Shutterstock.

REIT

Real Estate

FITB

HBAN

ZION

Regional Banks Suffer Worst 2-Day Slump Since March 2023 Crisis As Investors Scrutinize Commercial Real Estate Risks

U.S. stocks traded higher, with the Nasdaq Composite gaining around 100 points on Wednesday.
Shares of Textron Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/txt#NYSE">TXT</a>) rose during Wednesday&rsquo;s session following <a href="https://www.benzinga.com/quote/TXT/earnings">upbeat quarterly earnings</a>.
Textron posted adjusted earnings of $1.60 per share, beating market estimates of $1.54 per share. The company&rsquo;s quarterly sales came in at $3.89 billion versus expectations of $3.95 billion, according to data from <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Textron shares gained 6% to $ 84.09 on Wednesday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Kura Oncology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kura#NASDAQ">KURA</a>) jumped 41.3% to $18.99. Kura Oncology announced oversubscribed $150 million private placement.</li>
<li>Jin Medical International Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zjyl#NASDAQ">ZJYL</a>) gained 21% to $202.00.</li>
<li>Heron Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hrtx#NASDAQ">HRTX</a>) shares rose 15.6% to $2.5450. Heron Therapeutics received FDA approval of ZYNRELEF&reg; indication expansion to include additional orthopedic and soft tissue procedures.</li>
<li>Netflix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>) shares jumped 12.6% to $554.00 as the company reported better-than-expected sales for its fourth quarter.</li>
<li>EverQuote, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ever#NASDAQ">EVER</a>) shares gained 10% to $12.98.</li>
<li>TAL Education Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tal#NYSE">TAL</a>) shares gained 9% to $11.87.</li>
<li>QuinStreet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qnst#NASDAQ">QNST</a>) gained 8% to $12.58.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/edu#NYSE">EDU</a>) jumped 8% to $77.74 after the company reported better-than-expected second-quarter sales results.</li>
<li>ASML Holding N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) gained 7.3% to $835.92 after the company reported better-than-expected quarterly financial results and issued guidance.</li>
<li>Richtech Robotics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rr#NASDAQ">RR</a>) surged 7% to $11.88.</li>
<li>SAP SE (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sap#NYSE">SAP</a>) climbed 6.8% to $174.64 after the company reported fourth-quarter financial results.</li>
<li>Domo, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/domo#NASDAQ">DOMO</a>) surged 5.5% to $10.37.</li>
<li>The Progressive Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgr#NYSE">PGR</a>) rose 5.4% to $179.49 after the company reported fourth-quarter financial results.</li>
<li>First Horizon Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fhn#NYSE">FHN</a>) gained 3.5% to $14.73 after UBS upgraded the stock from Neutral to Buy. First Horizon plans to repurchase up to $650 million of its common stock.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/24/01/36756566/top-3-tech-stocks-that-may-plunge-this-month"> Top 3 Tech Stocks That May Plunge This Month</a>

Penny Stocks

Intraday Update

DOMO

New Oriental Education & Technology Group

EVER

HRTX

KURA

NFLX

QNST

ZJYL

Textron Posts Upbeat Earnings, Joins ASML, Progressive And Other Big Stocks Moving Higher On Wednesday

Netflix and United Airlines to report highest move post earnings: BofA

Notable earnings before Wednesday's open

First Horizon National Q1 2024 Earnings Preview

First Horizon National Non-GAAP EPS of $0.35 beats by $0.01

An announcement from First Horizon (FHN) is now available. First Horizon Corporation (FHN) has released a report incorporating both non-GAAP and re...

First Horizon Releases Insightful Financial Health Report

First Horizon Non-GAAP EPS of $0.35 beats by $0.01

First Horizon stock climbs after guidance adjustment, slight Q1 earnings beat

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
First Horizon (NYSE:<a href="https://investorplace.com/stock-quotes/fhn-stock-quote/">FHN</a>) just reported results for the first quarter of 2024.<ul><li>First Horizon reported earnings per share of 35 cents. This was above the analyst estimate for EPS of 34 cents.</li><li>The company reported revenue of $819.00 million.</li><li>This was 1.21% better than the analyst estimate for revenue of $809.19 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/earning-results/2024/04/fhn-stock-earnings-first-horizon-for-q1-of-2024/">FHN Stock Earnings: First Horizon Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

FHN Stock Earnings: First Horizon Beats EPS, Beats Revenue for Q1 2024

Analyst David Chiaverini from Wedbush reiterated a Buy rating on First Horizon (FHN – Research Report) and keeping the price target at $17.00. Davi...

Buy Rating Affirmed for First Horizon Corporation Amidst Strong Financial Performance and Positive Future Outlook

First Horizon Corporation (FHN) Q1 2024 Earnings Call Transcript

ALLY

ISRG

NLLSF

SCHW

VLVLY

Press Releases

First Horizon Bank Survey Reveals a New Era of Women's Financial Empowerment

First Horizon Foundation Celebrates the Company's 160th Anniversary with $1.6 Million in Donations

First Horizon Corporation to Announce First Quarter Financial Results on April 17, 2024

Dividends

First Horizon Corporation Announces Redemption of Series D Preferred Stock and Corresponding Series D Depositary Shares

First Horizon Bank Announces First-of-its-Kind Collaboration with The Home Edit

Martin de Laureal Named President of First Horizon Advisors, Inc. and Head of Private Banking of First Horizon Bank

Tracy Bell named Chief Investment Officer of First Horizon Advisors Inc.

First Horizon Corporation Names Thomas Hung Chief Credit Officer, Susan Springfield Announces Retirement

Vernon Stafford and Tanya Hart recognized in Savoy Magazine's 2024 Most Influential Executives in Corporate America

First Horizon Corporation's Momentum Continues with Strong First Quarter 2024 Results; Net Income Available to Common Shareholders of $184 Million or EPS of $0.33; $195 Million or $0.35 on an Adjusted Basis - up 9% Over Prior Quarter*