First Horizon (FHN) Stock Climbs as Q2 Results Beat Estimates
NEW YORK (TheStreet) -- First Horizon National (FHN) - Get Report stock is gaining 3.52% to $15 in pre-market trading Friday after the bank holding company posted earnings and revenue that topped analysts' estimates.
Before today's opening bell, the Memphis-based firm reported earnings of 24 cents per diluted share, which surpassed analysts' expectations by one cent.
Revenue for the quarter was $322 million, above Wall Street's forecasts of $314.6 million.
Additionally, First Horizon said it had regional banking average loan growth of 11% year-over-year.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, expanding profit margins and impressive record of earnings per share growth.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: FHN