In an interview on CNBC’s Mad Money, Bryan Jordan said the company’s customer base is very strong despite the fact that the national deposit base continued to shrink in Q2. He’s “very cautious” about protecting client relationships. He expects the economy to accelerate once the Fed starts its rate cutting cycle and the Presidential election is over.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FHN:
- First Horizon Clarifies Use of Non-GAAP Measures in Reports
- First Horizon Corporation’s Momentum Continues with Strong Second Quarter 2024 Results; Net Income Available to Common Shareholders of $184 Million or EPS of $0.34; $195 Million or $0.36 on an Adjusted Basis, up $0.01 from prior quarter*
- Is FHN a Buy, Before Earnings?
- First Horizon price target raised to $18 from $17 at Jefferies
- First Horizon price target raised to $19 from $18 at Barclays