BAC - First Horizon Underperforming On Lackluster Numbers
I can’t say that I’m all that surprised that First Horizon’s (FHN) last two quarters have come in below expectations, leading the shares to underperform its regional bank peers by around 5% on average (including underperforming the likes of Bank of America (BAC), Wells Fargo (WFC), SunTrust (STI), Regions (RF), and Pinnacle (PNFP) ). I’d written back in July that I thought the long-term potential I saw was tempered by a tougher near-term outlook, and that has come to pass as loans,