First Horizon up after Q3 profit beats estimates

First Horizon

16/10/2024 16:57

** Shares of regional lender First Horizon Corp  FHN.N  rise
4% to $17.38 
    ** Co posts Q3 adj profit of 42 cents/share, beating
analysts' estimates of 38 cents, as per LSEG data
    ** Reports Q3 NII of $627 mln, up from $605 mln reported
year ago
    ** Sees annual adj total rev growth of flat to up 2% vs
estimates of $3.28 bln
   ** 7 of 16 brokerages rate the stock "hold", 6 "buy" and 3
"strong buy"; their median PT is $17.83
    ** Including session moves, stock up ~22.53% YTD

 (Reporting by Ankita Bora)
 ((Ankita.Bora@thomsonreuters.com;))