Analysis Indicates JHML Could Reach $89
ETF Analysis: The John Hancock Multifactor Large Cap ETF (JHML) has an implied analyst target price of $89.16, indicating a potential upside of 12.32% from its current trading price of $79.38.
Notable Holdings: Key underlying holdings with significant upside potential include Amer Sports Inc (46.29% upside), Match Group Inc (18.80% upside), and First Horizon Corp (14.63% upside) based on their respective analyst target prices.
Market Sentiment: The disparity between current trading prices and analyst target prices raises questions about whether analysts are overly optimistic or justified in their projections for these stocks.
Investor Considerations: Investors are encouraged to conduct further research to assess the validity of analyst targets in light of recent company and industry developments.
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- Profitability Improvement: First Horizon Corp reported an adjusted ROTCE of 15.1%, increasing over 200 basis points year-over-year, indicating sustained profitability that is likely to attract more investor interest.
- Net Interest Income Growth: The company achieved a 6% year-over-year growth in net interest income, outpacing the 3% growth in its loan portfolio, demonstrating its competitive position in the interest rate environment and potential for future revenue growth.
- Capital Management Optimization: Successfully issuing $400 million of Series H preferred stock increased the Tier 1 capital ratio to 11.95%, while maintaining a CET1 ratio of 10.53%, reflecting robust capital management strategies that enhance market confidence.
- Loan Portfolio Dynamics: Despite a $198 million decline in the consumer loan portfolio, the C&I portfolio grew by $624 million, showcasing the company's success in client relationships and business expansion, which is expected to lay the groundwork for future earnings growth.
- Team Expansion: First Horizon Bank has added two new associates and promoted Eddie Buttross to Commercial Banking Group Manager in the Acadiana market, aiming to further enhance its banking capabilities.
- Leadership Enhancement: As a respected leader, Eddie Buttross will oversee commercial banking efforts in the market, continuing to strengthen client relationships while leading a growing team of bankers.
- Market Strategy: This personnel change not only enhances the team's professional capabilities but also demonstrates First Horizon's commitment to the Acadiana market, intending to improve market competitiveness through enhanced customer service.
- Client Relationship Strengthening: By bolstering team leadership and expanding personnel, First Horizon Bank will more effectively meet client needs, thereby driving business growth and increasing customer satisfaction.
- Team Expansion: First Horizon Bank adds two new associates and promotes one current team member in the Acadiana market, aiming to enhance its banking capabilities and further strengthen client relationships.
- Leadership Promotion: Eddie Buttross has been promoted to Commercial Banking Group Manager, overseeing commercial banking efforts in the market, which is expected to enhance client relationships through leading a growing team of bankers.
- New Appointment: Christine Kieu joins as Senior Private Client Relationship Manager, bringing 25 years of banking experience with a client-first approach to deliver strategic financial solutions and improve client satisfaction.
- Cash Management Services: Melinda Brahan takes on the role of Treasury Management Sales Officer, focusing on partnering with commercial clients to provide tailored cash management and treasury solutions that support business operations and long-term growth.
- Sustained Profitability: First Horizon Corporation reported earnings per share of $0.53 in Q1 2026, with an adjusted ROTCE of 15.1%, indicating strong profitability driven by robust C&I client growth and relationship-focused activities, showcasing resilience in a competitive market.
- Optimistic Revenue Outlook: Management reiterated its full-year revenue guidance, expecting growth between 3% and 7%, emphasizing a diversified approach to fee income and net interest income, which reflects confidence in future market demand.
- Capital Management Flexibility: CEO Jordan expressed comfort with a CET1 capital level of 10.5% and indicated a bias towards operating at a lower ratio over time, demonstrating the company's adaptability in capital management amidst market fluctuations.
- Market Risk Monitoring: Management highlighted the importance of monitoring consumer discretionary spending, particularly in trucking, auto, and restaurant sectors, indicating a proactive stance in addressing potential risks amid macroeconomic uncertainties.
- Earnings Beat: First Horizon reported quarterly earnings of $0.53 per share, exceeding the Zacks consensus estimate of $0.49, reflecting a 26.2% increase from last year's $0.42, which boosts investor confidence in the company's profitability.
- Revenue Miss: The company posted revenues of $862 million for the quarter, slightly missing the Zacks consensus estimate of $866 million, although this represents a 6.2% year-over-year growth, which may impact short-term stock performance due to unmet expectations.
- Consistent Outperformance: Over the last four quarters, First Horizon has surpassed consensus EPS estimates four times, indicating stable profitability, yet the current Zacks Rank of 3 (Hold) suggests that future performance may align with the market.
- Industry Outlook Impact: The Banks - Southwest industry ranks in the top 19% of Zacks industries, indicating strong overall performance, suggesting that First Horizon could benefit from industry trends, prompting investors to monitor future earnings estimate revisions.
- Earnings Beat: First Horizon Corporation reported a Q1 GAAP EPS of $0.53, exceeding expectations by $0.03, indicating stable profitability and growth potential amidst market challenges.
- Revenue Miss: The company’s revenue grew by 6.2% year-over-year to $862 million, yet fell short of the $869.85 million forecast, highlighting challenges in revenue growth within a competitive financial landscape.
- Improved Capital Returns: The return on tangible common equity rose to 15.1% this quarter, demonstrating significant progress in capital utilization, which may enhance investor confidence moving forward.
- Stock Price Reaction: Following the earnings report, First Horizon's shares increased by 1.4%, reflecting a positive market response to its financial performance and potentially attracting more investor interest.











