0.63% +0.10

First Horizon Corporation (FHN)

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Perché le azioni First Horizon Corporation (FHN) sono in ribasso?

2023-10-20:

First Horizon Corporation (FHN) dropped by 5.54% from $11.19 to $10.57 in the trading on Friday October 20, 2023. The reason why FHN stock down today is due to the drop in Q3 FY23 results.

Net income of $129 million, or $0.23 per share, a decrease from the Q2 2023 net income of $317 million, or $0.56 per share.
Total revenue of $778 million, a decrease of $253 million from the previous quarter, primarily due to a decline in noninterest income, which dropped to $173 million from $400 million in Q2 2023.
Net interest income decreased by $26 million to $605 million