FNB - F.N.B. Corporation Has Further Upside Thanks To Shrewd Interest Rate Actions
2024-03-31 06:07:45 ET
Summary
- FNB Corporation's shares are trading near a 52-week high, up 19% from a year ago, but have lagged behind the S&P 500's return.
- FNB has managed the challenges caused by the Q1 2023 banking crisis fairly well and has returned over 18% since being recommended as a buy.
- FNB's recent management actions and strong capital position make it an attractive investment, with potential for further appreciation in shares.
Shares of F.N.B. Corporation ( FNB ) are trading near a 52-week high, up 19% from a year ago, which has lagged the S&P 500’s 30+% return over this period. Most regional banks have been underperformers over the past 12-18 months, given the challenges caused by the Q1 2023 banking crisis, though FNB has acquitted itself fairly well. Additionally, since recommending shares as a buy in November , FNB has returned over 18%, a bit ahead of the S&P 500’s 15% return. I have been impressed by recent management actions and continue to view FNB as a buy....
F.N.B. Corporation Has Further Upside Thanks To Shrewd Interest Rate Actions