BUZZ-First Horizon up after Q3 profit beats estimates

Reuters
2024-10-16

** Shares of regional lender First Horizon Corp 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;))

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