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First Horizon National Corporation

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Shares of First Horizon have underperformed the industry over the past six months. Yet, the company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in three of the trailing four quarters. First Horizon's efforts to strengthen its core Tennessee banking franchise bode well for the long term. Moreover, its inorganic growth strategies are likely to support the top line. Also, the company’s focus to enhance shareholders’ value through capital deployment activities encourages us. However, consistently rising expenses are likely to weigh on its profitability. Also, significant exposure to commercial loans remains a concern. Further, legal costs from ongoing litigation issues might impact its financials.


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