GRAB - First Horizon leads weekly financial gainers while Grab Holdings sinks the most

The financial stock that rose the most this week reflects the week's biggest bank deal, while the financial stock that fell the most is a fintech that delivered disappointing guidance. The top five gainers for the week ended March 4 (with market cap over $2B) were led by First Horizon (NYSE:FHN), +30%. The bank agreed to be acquired by Toronto-Dominion Bank (NYSE:TD) for $13.4B in cash. Its stock ended the week at $23.70 per share, approaching the $25 per share acquisition price. Rocket Companies (NYSE:RKT) stock jumped 16% for the week as it expects its Q1 gain on sale margin, a measure of profitability, to stay at least even with Q4. Digital World Acquisition (NASDAQ:DWAC), +9.0%,  the SPAC that agreed to take Donald Trump's social media business public, has risen for five straight sessions and was helped by TRUTH Social's launch two weeks ago. Colombian bank Bancolombia (NYSE:CIB) rose 7.4% for the week; and S&P Global (NYSE:SPGI),

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First Horizon leads weekly financial gainers, while Grab Holdings sinks the most