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Jim Cramer endorses First Horizon (FHN) as a "terrific stock" after its Q2 adjusted EPS grew 20%, though analysts note the stock is no longer cheap
Mad Money host Jim Cramer endorsed regional bank First Horizon (FHN) on July 27, calling it "a terrific stock, very inexpensive." This follows the bank's Q2 results, which showed a 20% year-over-year growth in adjusted earnings per share (EPS) to $0.54, beating consensus estimates. However, analysis suggests the stock, currently trading near $25.40 and up 13.14% over the past year, is no longer cheap, trading 10% above its 10-year average tangible book value.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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