Raymond James Lifts Worth Goal for FNB, Retains Outperform Score
F.N.B. Company (NYSE:FNB) is likely one of the 10 Finest Monetary Shares on Wall Avenue’s Radar. On July 18, Raymond James elevated its worth goal on F.N.B. Company (NYSE:FNB) from $15 to $18 whereas protecting an “Outperform” score.
This determination got here after the corporate reported its second-quarter outcomes. F.N.B. Company (NYSE:FNB) confirmed sturdy core efficiency, together with decrease prices for funding and asset repricing that helped enhance each its web curiosity margin and web curiosity revenue.
A buyer strolling right into a financial institution department, expressing the comfort of client banking companies.
Raymond James identified that F.N.B. Company (NYSE:FNB) confirmed enhancements in its capital ranges and asset high quality throughout the second quarter. Moreover, payment revenues exceeded expectations.
F.N.B. Company (NYSE:FNB) elevated its steerage for web curiosity revenue in 2025. Nonetheless, Raymond James’ evaluation means that this outlook would possibly nonetheless be conservative if business mortgage development pipelines speed up as anticipated. The agency sees the risk-reward profile for F.N.B. Company (NYSE:FNB) as engaging at present ranges.
F.N.B. Company (NYSE:FNB) is a diversified monetary companies firm that gives a full vary of economic banking, client banking, and wealth administration options. The corporate operates by way of its subsidiary community, which is led by its largest subsidiary, First Nationwide Financial institution of Pennsylvania.
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Disclosure: None. This text is initially printed at Insider Monkey.
