First Horizon has compiled a perfect four-quarter earnings beat streak averaging more than 10% above consensus and screens attractively at a forward P/E of 10.5x with a PEG of 0.36; however, there is no identified competitive moat to sustain long-term earnings power, the put/call ratio of 7.22 signals pronounced bearish options positioning, and the stock offers only 0.7% upside to its near-term resistance with an unfavorable risk/reward.
Thesis pillars
- No Competitive Moat→Stable
- Perfect Beat Streak Near Term Catalyst↓Deteriorating
- Attractive Valuation Low Peg→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 26, 2026
First Horizon Corporation (FHN) Stock Analysis
Recovery setup
Financial Services · Banks - Regional
Sell if holding. Engine safety override at $23.21: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10. Specifically: Elevated put/call ratio: 1.33; Below-average business quality; Below long-term trend.
First Horizon Corporation provides commercial, consumer, wealth, and wholesale banking through First Horizon Bank, with $84 billion in total assets and over 450 locations in 23 U.S. states, concentrated in the South. Lending is the primary revenue driver across a $64 billion... Read more
Sell if holding. Engine safety override at $23.21: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10. Specifically: Elevated put/call ratio: 1.33; Below-average business quality; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 48. Score 5.9/10, moderate confidence.
Passes 6/9 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 75d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and death cross (50MA < 200MA). Suitability: moderate.
Recent developments
updated 2026-10-29Recent Developments — First Horizon Corporation
Latest news
- NEWS First Financial Bankshares (FFIN) Stock Looks Cheap Based On Equity Returns - Yahoo Finance — Yahoo Finance neutral
- NEWS First Financial Bankshares (FFIN) Stock Looks Cheap Based On Equity Returns - finance.yahoo.com — finance.yahoo.com positive
- NEWS First (FHN) Stock: Key Catalysts Ahead | First tops EPS estimates by 6.2 percent on solid core banking results - Pro Tra — Xã Vĩnh Công positive
- NEWS 5 Revealing Analyst Questions From First Horizon’s Q1 Earnings Call - StockStory — StockStory neutral
- NEWS 5 Revealing Analyst Questions From First Horizon’s Q1 Earnings Call - TradingView — TradingView neutral
Generated 2026-10-29T11:20:25Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers·1 ceiling hit
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Quality below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $23.21: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.9/10. Specifically: Elevated put/call ratio: 1.33; Below-average business quality; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 48. Prior stop was $22.31. Score 5.9/10, moderate confidence.
Analyst target: $24.33 (+4.8% upside). Prior stop was $22.31. Stop-loss: $22.31.
Quality below floor (3.0 < 4.0).
First Horizon Corporation trades at a P/E of 16.8 (forward 10.0). TrendMatrix value score: 7.9/10. Verdict: Sell.
25 analysts cover FHN with a consensus score of 3.6/5. Average price target: $27.
What does First Horizon Corporation do?First Horizon Corporation provides commercial, consumer, wealth, and wholesale banking through First Horizon Bank, with...
First Horizon Corporation provides commercial, consumer, wealth, and wholesale banking through First Horizon Bank, with $84 billion in total assets and over 450 locations in 23 U.S. states, concentrated in the South. Lending is the primary revenue driver across a $64 billion loan portfolio, with commercial and industrial loans the dominant segment; the wholesale banking arm serves institutional clients through fixed income trading and capital markets.