First Horizon (FHN) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
GBX, FHN and MMS made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 13, 2025.
Get a deeper insight into the potential performance of First Horizon (FHN) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
First Horizon (FHN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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Investors looking for stocks in the Banks - Southwest sector might want to consider either First Horizon National (FHN) or Cullen/Frost Bankers (CFR). But which of these two stocks is more attractive to value investors?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
First Horizon Corporation's stock has risen over 20% in 2H '24, driven by better-than-expected financial performance, a broad re-rating among regional banks, and expectations for a more favorable political/regulatory environment. First Horizon is not well-placed for the immediate environment — weak loan growth, spread pressure, and ongoing tech investment is likely to drive below-peer core earnings growth in FY '25. Positives include strong (and counter-cyclical) capital markets operations, potential growth in mortgage lending, future operating leverage, and an attractive Southeast market footprint.
First Horizon and Citizens Financial are well-positioned to perform impressively in 2025 as the operating environment turns favorable.
FHN hits a new 52-week high of $21.01, driven by optimism surrounding Donald Trump's win in the U.S. presidential election and Fed rate cuts.
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First Horizon shares gained 66% over the past year, driven by strong recovery post-2023 banking crisis and solid financial performance. Q3 earnings beat expectations at$0.42 per share, driven by a 6% revenue increase and strong non-interest income growth. Despite margin compression, deposit repricing is expected to stabilize NIM by Q1 2025, supporting future earnings growth.