BUZZ - First Horizon shares fall after third-quarter earnings report

October 15 - ** The share price of US regional bank First Horizon (FHN.N) fell 2.3% in pre-market trading to $22.14

** If the downward trend continues, the stock's opening price will hit a new low in more than six months

** The bank reported adjusted earnings per share of $0.53 in the third quarter, in line with analyst expectations; it reported a third-quarter net loss of $94 million, mainly due to special items related to $4.5 billion in low-yield consumer mortgages held for sale

** TD Cowen pointed out that "loan growth momentum has slowed"; stated that "excluding residential mortgages held for sale, loan growth was flat in most areas or declined"

** Of 21 brokerages, 8 rated the stock as "buy" or higher, and 13 rated it as "hold"; the median target price is $27 — data compiled by LSEG

** As of the previous trading day's close, the stock had fallen 5.15% year to date

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