First Horizon Announces Results Of Its 2023 Company-Run Stress Test
Portfolio Pulse from Benzinga Newsdesk
First Horizon has announced the results of its 2023 company-run stress test, demonstrating resilience and a strong capital position. The company's minimum common equity tier 1 capital ratio was 8.7%, reflecting an additional $4 billion of pre-tax loss absorption capacity beyond the required regulatory minimums. The company's loan portfolio stressed loss rate was 2.3%, below the Federal Reserve-published median CCAR-bank result.
September 29, 2023 | 1:10 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
First Horizon's stress test results indicate a strong capital position, which could boost investor confidence.
First Horizon's strong stress test results indicate a robust financial position, which could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100