Sponsored Links 
First Horizon Drops on Wider Loss
First Horizon National Corp (FHN - Analyst Report) swung to a first-quarter loss of 39 cents per share on mortgages and commercial loans, wider than the consensus for a loss of 24 cents.
Shares were down almost 6% today on volume of 5.2 million, versus average volume of 6 million.
The company’s loss excluded a payment of $14.96 million in preferred stock dividends, which it did not pay a year ago. In October, First Horizon had received an $866 million cash infusion under the U.S. government's Troubled Asset Relief Program.
Loss estimates for the year have widened by a penny to 60 cents in the past month as 7 out of 16 analysts pulled back on expectations.
First Horizon is a Zacks #3 Rank ("Hold").
 |
 |
 Share |
 RSS |
 Rate Pos |
 Rate Neg |
 Comment |
|
|
||||||
Free Stock Analysis From Zacks
Includes Zacks Long-Term Recommendation and Target Price
Loading Stories...Related Content
Best Stocks. Best Insight. Join Now...it's FREE!
Over 550,000 investors look forward to the timely insights in our email newsletter; Zacks Profit from the Pros. In each daily issue you will find:
- Free Four Zacks #1 Rank "Strong Buy" Stocks
- Free Timely Market Commentary
- Free Wealth Management Tips
- Free Profitable Strategy Screens
- Free Bull and Bear Stocks of the Day
Zacks FREE Registration
X Close
Loading Stories...Most Popular on Zacks.com
0.00 %
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
More Zacks Links
| Market Summary | Feb 10, 2010 08:06 am ET |
[CLICK TO CLOSE X]