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First Horizon Corporation to Announce First Quarter Financial Results on April 17, 2024
PRNewswire (Wed, 27-Mar 4:15 PM ET)
First Horizon Foundation Celebrates the Company's 160th Anniversary with $1.6 Million in Donations
PRNewswire (Mon, 25-Mar 10:00 AM ET)
First Horizon Bank Survey Reveals a New Era of Women's Financial Empowerment
PRNewswire (Fri, 15-Mar 12:18 PM ET)
Tracy Bell honored as Women Who Shape the State 2024
PRNewswire (Mon, 11-Mar 4:00 PM ET)
Vernon Stafford, Jr. recognized by Leadership Memphis
PRNewswire (Thu, 7-Mar 5:30 PM ET)
First Horizon Received APEX Award from Training Magazine
PRNewswire (Wed, 6-Mar 6:38 PM ET)
First Horizon Names Ashley Argo Deputy Chief Risk Officer
PRNewswire (Tue, 27-Feb 10:00 AM ET)
PRNewswire (Mon, 26-Feb 4:15 PM ET)
First Horizon Bank Celebrates 160 Years by Giving Away $40,000 during Random Acts of Kindness Week
PRNewswire (Fri, 23-Feb 2:32 PM ET)
DiversityComm Magazine Names First Horizon as a 2024 Top Black Employer
PRNewswire (Fri, 16-Feb 10:00 AM ET)
First Horizon Corp is the parent company of First Tennessee Bank, a prominent regional bank with about 200 branches around Tennessee. The regional bank is responsible for roughly 65% of its revenue, while capital markets make a 25% contribution. The remainder is split between the firm's non-strategic (wind-down) and corporate operations. First Horizon concentrates on offering a variety of banking products mainly in its home state, where it has the second- largest deposit franchise with a 13% deposit market share.
First Horizon trades on the NYSE stock market under the symbol FHN.
As of March 28, 2024, FHN stock price climbed to $15.40 with 5,836,161 million shares trading.
FHN has a beta of 1.91, meaning it tends to be more sensitive to market movements. FHN has a correlation of 0.14 to the broad based SPY ETF.
FHN has a market cap of $8.61 billion. This is considered a Mid Cap stock.
Last quarter First Horizon reported $800 million in Revenue and $.32 earnings per share. This beat revenue expectation by $12 million and exceeded earnings estimates by $.02.
In the last 3 years, FHN stock traded as high as $24.92 and as low as $8.99.
The top ETF exchange traded funds that FHN belongs to (by Net Assets): IJH, VTI, VB, DVY, VBR.
FHN has underperformed the market in the last year with a return of -8.2%, while the SPY ETF gained +33.6%. In the last 3 month period, FHN fell short of the market, returning +10.0%, while SPY returned +10.1%. However, in the most recent 2 weeks FHN has outperformed the stock market by returning +5.6%, while SPY returned +1.7%.
FHN support price is $15.01 and resistance is $15.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FHN stock will trade within this expected range on the day.