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→Stable
- 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· older than 90 days
First Horizon Corporation (FHN) Stock Analysis
Recovery setup
Financial Services · Banks - Regional
Sell if holding. Engine safety override at $23.74: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.1/10. Specifically: 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 $23.74: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.1/10. Specifically: Below-average business quality; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 64. Score 6.1/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 69d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: moderate.
Recent developments
updated Oct 27, 2026Recent Developments — First Horizon Corporation
Latest news
- NEWS First Horizon Corporation Announces Election of Jeffrey R. Balser to Board of Directors — fiscal.ai Oct 27, 2026 neutral
- NEWS First Horizon Earnings: What To Look For From FHN - TradingView — TradingView Oct 14, 2026 neutral
- NEWS First Horizon Earnings: What To Look For From FHN - The Globe and Mail — The Globe and Mail Oct 14, 2026 neutral
- NEWS First Horizon Earnings: What To Look For From FHN - FinancialContent — FinancialContent Oct 14, 2026 neutral
- NEWS First Financial Bankshares (FFIN) Stock Looks Cheap Based On Equity Returns - Yahoo Finance — Yahoo Finance Sep 23, 2026 neutral
Latest item Oct 27, 2026 · Generated 2026-11-05T11:39:29Z.
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
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
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 $23.74: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 6.1/10. Specifically: Below-average business quality; Below long-term trend. Chart setup: Death cross but MACD improving, RSI 64. Prior stop was $22.82. Score 6.1/10, moderate confidence.
Analyst target: $24.42 (+2.9% upside). Prior stop was $22.82. Stop-loss: $22.82.
Target reached (2.9% upside); Quality below floor (3.0 < 4.0).
First Horizon Corporation trades at a P/E of 17.2 (forward 10.2). TrendMatrix value score: 7.9/10. Verdict: Sell.
26 analysts rate FHN, with a consensus score of 3.6/5. 21 analysts publish price targets averaging $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.