Stock of the Day - May 24, 2021

First Horizon (FHN)

$25.79

+$0.39 (+1.5%)

Market Cap: $12.06B

About First Horizon

First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through Regional Banking and Specialty Banking segments.

It offers general banking services for consumers, businesses, financial institutions, and governments. The company also accepts deposits; provides underwriting services for bank-eligible securities and other fixed-income securities by financial subsidiaries; sells loans and derivatives; financial planning; and offers investment and financial advisory services. In addition, it offers mortgage banking; loan syndications; brokerage services; commercial and business banking for business enterprises, consumer banking, and private client and wealth management services; capital markets, professional commercial real estate, mortgage warehouse and asset-based lending, franchise and equipment finance, tax credit finance, energy and healthcare finance, asset management, and corporate and correspondent banking services. Further, the company provides transaction processing services including check clearing services and remittance processing, credit cards, investment, and sale of mutual fund and retail insurances, as well as trust, fiduciary, and agency services. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee.

Today's Trend

First Horizon Corporation (NYSE: FHN) is getting a mix of upbeat earnings-related commentary and a few cautious signals after its latest quarterly report. The stock appears to be moving higher overall as investors focus on a Q2 earnings beat and improving banking results, though some analyst and expense-related concerns are tempering enthusiasm.

Analysts and market commentary highlighted First Horizon’s Q2 earnings beat, stronger net interest income, fee income, and loan/balance growth, reinforcing the view that the stock may be undervalued after the quarter. First Horizon (FHN) Stock May Be 45% Undervalued After Q2 Earnings Beat
First Horizon said its banking results are showing improvement, which supports the bullish narrative around earnings momentum and operating performance. First Horizon (NYSE:FHN) Banking Results Show Improvement
Another earnings-focused article said the Q2 beat is bringing First Horizon’s undervalued-stock thesis into sharper focus, adding to investor optimism. First Horizon (FHN) Q2 Earnings Beat Brings Its Undervalued Narrative Into Focus
First Horizon announced the 10th anniversary of its Music, Sports and Entertainment Group, which is positive for branding but likely not a major near-term stock driver. A Decade of Client-first Service in Music, Sports and Entertainment at First Horizon Bank
The bank also announced a leadership-related community appointment, which is supportive of local relationships but unlikely to materially affect shares. First Horizon Bank and United Way of Southeast Louisiana Announce Meghan Donelon is Appointed Executive Committee Board Chair
Catherine Wood was promoted to head of commercial banking strategy, a management update that could help execution but is not a major immediate catalyst. Catherine Wood Promoted to Head of Commercial Banking Strategy for First Horizon Bank
JPMorgan lowered its price target on FHN to $27 from $28.50 and kept a neutral rating, suggesting limited upside despite the earnings beat. First Horizon price target lowered by JPMorgan Chase & Co.
One report noted that shares fell after the earnings release because expenses rose and capital ratios weakened, raising some caution around the quality of the quarter. FHN Shares Fall Despite Q2 Earnings Beat on Higher NII & Fee Income
First Horizon also posted better-than-expected Q2 sales, adding to the overall earnings beat narrative. First Horizon (NYSE:FHN) Posts Better-Than-Expected Sales In Q2 CY2026

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First Horizon (FHN)

About First Horizon

Today's Trend

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