- First Horizon (FHN) is well-poised to gain from higher interest rates, robust loan and deposit balance and a solid balance sheet position.
JHG, FHN and IHG made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 5, 2024.
First Horizon (FHN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
First Horizon, a Tennessee-based bank, has 160 years of experience and is well-equipped to handle the current macroeconomic environment. Net interest income is recovering strongly, and guidance for 2024 is positive, indicating potential growth for the bank. The bank's assets are repricing favorably, and the cost of deposits has stabilized, leading to improved profitability and potential for shareholder remuneration.
First Horizon (FHN) reported earnings 30 days ago. What's next for the stock?