First Horizon Corporation (FHN)
After hours:
| Previous Close | 15.35 |
| Open | 15.44 |
| Bid | 14.70 x 4000 |
| Ask | 16.00 x 3200 |
| Day's Range | 15.44 - 15.83 |
| 52 Week Range | 10.08 - 17.46 |
| Volume | |
| Avg. Volume | 5,838,072 |
| Market Cap | 8.472B |
| Beta (5Y Monthly) | 0.90 |
| PE Ratio (TTM) | 13.07 |
| EPS (TTM) | 1.21 |
| Earnings Date | Oct 16, 2024 |
| Forward Dividend & Yield | 0.60 (3.80%) |
| Ex-Dividend Date | Sept 13, 2024 |
| 1y Target Est | 18.33 |
PR NewswireFirst Horizon Corporation to Announce Third Quarter Financial Results on October 16, 2024
First Horizon Corporation (NYSE:FHN) plans to announce third quarter financial results on October 16, 2024. The news release and supplemental materials will be available at ir.firsthorizon.com at approximately 6:45 am ET/5:45 am CT. FHN management will host a live conference call and webcast presentation that morning with details as follows:
- Yahoo Finance Video
More banking M&A deals expected—How to play the financial sector
Market Domination anchors Julie Hyman and Josh Lipton explored how to navigate uncertainty in the financial sector on the Yahoo Finance Playbook. Mendon Capital senior portfolio manager Anton Schutz and Janney Montgomery Scott director of research Chris Marinac joined to discuss recent weakness in JPMorgan (JPM) and Ally Financial (ALLY) stocks as well as expected mergers and acquisition (M&A) activity in the sector. After JPMorgan warned about its net interest income, the stock fell, though Schutz said investors' worries were overblown. The portfolio manager expects the company to beat its guidance given its "priced for greatness." Marinac told the Market Domination team that another factor for JPMorgan investors is the timing of upcoming rate cuts. Ahead of expected rate cuts, the banking sector is “positioned very well because the cost of funds surged during the last 12 to 18 months, and so as interest rates fall, the cost of funds is going to improve.” After comments from the Ally CFO on Tuesday raised concerns about credit quality, Schutz said this dynamic reflects the company's customer base rather than cause for concern about the banking market at large. “Ally's just seeing the pressure” from having a customer base of “subprime consumers,” Schutz said. Schutz did note that credit quality is important given that banks' book values, a company’s assets versus liabilities, are “critical” as mergers and acquisitions (M&A) are expected “to pick up meaningfully.” Marinac added that the expected uptick in M&A deals could come from mid-cap banks consolidating and acquiring regional banks to scale. “We absolutely are at an inflection point on M&A,” and “the question is how much happens now and how much happens in the next six months,” Marinac said, highlighting that “the stocks haven't yet discounted that positive news,” leaving an opportunity for investors. Schutz named First Horizon (FHN) and Veritex (VBTX) among his top picks, while Marinac called out Ameris Bancorp (ABCB), FB Financial (FBK), and Fifth Third (FITB). For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Naomi Buchanan.
Insider MonkeyFirst Horizon Corporation (FHN): Should You Invest In This Local Bank Stock Now?
We recently compiled a list of the 10 Best Local Bank Stocks To Invest In Now. In this article, we are going to take a look at where First Horizon Corporation (NYSE:FHN) stands against the other local bank stocks. As investors shift their focus from artificial intelligence to the labor market and its impact on potential […]
