Opinions

Jim Cramer - Mad Money First Horizon National Corporation FHN-N BUY Jul 19, 2023

They had nothing to do with the end of the TD takeover; regulators did. This morning they reported a so-so quarter with a modest revenue miss and small earnings due to better expense controls. It's still doing well.

Jim Cramer - Mad Money

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Stock price when the opinion was issued

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DON'T BUY

Doesn't like oil stocks or the financials now.

COMMENT

A Tennessee bank he likes. They reported a clean top and bottom beat today and rallied 1.5%. They had a rough 2020, but has come back lately. Well-run.

COMMENT

It merged with a Louisiana bank and rallied, peaking in early June. But since then all the financials have been hammered due to falling interest rates and Delta variant cases. They rported last Friday and the headline numbers were strong, but the banks face a challenging envirnoment.

STRONG BUY

Have an investor day on Tuesday. They got a raw deal when TD back out of their takeover deal. A strong buy and would buy it ahead of Tuesday. He says this not caring about regional banks.

BUY

They reported earlier this week a strong quarter. Credit charges were lower than expected, they attracted $6 billion in new deposits in mid-2023, and 5% loan growth last year.

COMMENT

A steady operator with shares up 16% this year but reported a miss today and cut guidance due to increased competition in the south where they operator. Shares were down nearly 6% today.

BUY

They beat earnings today and shares jumped 4%, after rallying 6% in previous days, up 23% this year. It has more room to run.

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Jim Cramer - Mad Money First Horizon National Corporation FHN-N BUY Jul 19, 2023

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