Regional Banks - FHN & CFG - Poised for Solid Performance in 2025 [Yahoo! Finance]
First Horizon Corporation (FHN)
Last first horizon corporation earnings: 4/21 06:30 am
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Source: Yahoo! Finance
In sync with this, two regional banks -- First Horizon Corp. FHN and Citizens Financial Group CFG – issued upbeat 2025 expectations at the Goldman Sachs 2024 U.S. Financial Services Conference yesterday. Before discussing the banks' guidance, let's briefly examine what the operating environment will be like. The Federal Reserve has started lowering interest rates and this is expected to continue in 2025. So, as the rates keep coming down, deposit/funding costs will stabilize and eventually start falling. Thus, this will support banks' net interest income (NII) and net interest margin (NIM). Additionally, the lending landscape is expected to improve. This, along with robust economic growth, should increase demand for loans next year. There are also expectations of deregulation from the new administration, such as less stringent capital requirements, which would free up cash. These factors have turned investors bullish on bank stocks. FHN has navigated various economic cycles
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FHN
News
- First Horizon Co. (NYSE: FHN) had its price target raised by analysts at Barclays PLC from $23.00 to $25.00. They now have an "overweight" rating on the stock.MarketBeat
- First Horizon Corporation to Announce Fourth Quarter and Full Year Financial Results on January 16, 2025 [Yahoo! Finance]Yahoo! Finance
- First Horizon Corporation to Announce Fourth Quarter and Full Year Financial Results on January 16, 2025PR Newswire
- First Horizon Co. (NYSE: FHN) had its price target raised by analysts at Keefe, Bruyette & Woods from $23.00 to $24.00. They now have a "market perform" rating on the stock.MarketBeat
- NORTH CAROLINA COURAGE ANNOUNCES FIRST HORIZON BANK AS STADIUM NAMING PARTNERPR Newswire
FHN
Earnings
- 10/16/24 - Beat
FHN
Sec Filings
- 12/6/24 - Form 4
- 11/27/24 - Form 4
- 11/26/24 - Form 4
- FHN's page on the SEC website