First Horizon's Earnings Dip: Costs Outweigh Profits?

First Horizon stock plummeted nearly 12% despite solid earnings, as investors fixated on a rising efficiency ratio, overshadowing positive results. While big banks like JPMorgan Chase thrived and hints of a Federal Reserve policy shift buoyed the market, First Horizon's cost concerns triggered an unusual sell-off, a stark reminder that expenses can quickly sour investor sentiment, even amidst broader market optimism.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.