stock outlook amid diversified model, NII pressures By Investing.com
First Horizon Corporation (NYSE: NYSE:), a prominent financial services company, has been navigating a complex economic landscape characterized by interest rate pressures and intense competition. Despite these challenges, the company’s diversified business model and strategic initiatives have positioned it for potential growth in the coming quarters.
Financial Performance
First Horizon reported solid financial results in recent quarters, demonstrating the resilience of its business model. In the third quarter of 2024, the company posted core earnings per share (EPS) of $0.42, reflecting the strength of its diversified operations. This performance came despite pressures on net interest income (NII) and net interest margin (NIM) due to…
