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-0.00067067383739324 0.00158177791838017 0.00063271116735209 0.00126542233470418 0.00211641885479269 0.000949066751028079 -0.00727617842454921 -0.00949066751028158
Stock impact report

First Horizon's Earnings To Suffer From Margin Compression, Oil Exposure [Seeking Alpha]

Truist Financial Corporation (TFC) 
Last truist financial corporation earnings: 4/20 05:45 am Check Earnings Report
Company Research Source: Seeking Alpha
SummaryNet interest margin will likely decline this year due to the federal funds rate cuts, lag in deployment of funds from Truist Financial, and decrease in purchase accounting accretion.Provisions will likely surge this year due to the oil and gas sector exposure.Overall, I'm expecting earnings per share to decline by around 27%.The December 2020 target price suggests that FHN is a feasible investment. However, the uncertainties surrounding COVID-19 make FHN a risky investment.First Horizon National Corporation's (NYSE:IBKCMargin Likely to Compress Due to Interest Rate Cuts, Lag in Deployment of FundsThe cut in the federal funds rate will likely squeeze FHN's net interest margin, NIM, this year. Moreover, the time lag in deploying the deposits assumed from Truist Financial Corporation (NYSE:TFCpress releaseconference callFHN's planned merger with IBERIABANK by the middle of 2020 will boost FHN's balance sheet size this year. The combined organization will have $75 billion in assets Show less Read more
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