trending Market Intelligence /marketintelligence/en/news-insights/trending/2y5aVweZcdQpbgepwj3dRg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

First Horizon reduces NIM outlook on expected Fed rate cuts

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

First Horizon reduces NIM outlook on expected Fed rate cuts

Memphis, Tenn.-based First Horizon National Corp. lowered its net interest margin guidance to 3.25% for 2019 based on expectations of two additional Fed rate cuts and the decline in LIBOR, the bank's management said on the third-quarter earnings call.

"Fed funds futures have been moving all over the place," CFO William Losch III said on the call. "But, as of this morning, the futures actually imply only one rate cut the rest of this year in October." Still, the bank continues to be "conservative" in its approach and assumed two rate cuts.

First Horizon expects some of the drop in NIM to be offset by countercyclical products, such as its loans to mortgage companies increasing as lower rates drive volume. "Our unique business mix is providing the expected countercyclical offsets that others in the industry do not possess. That helps support our overall earnings," Losch said.