FHN News and Press, First Horizon National Corporation From 05/11/23

2023-05-11 09:28:53 ET Regulators should take a look at a ban on short-selling bank stocks, JPMorgan Chase ( NYSE: JPM ) Chairman and CEO Jamie Dimon said on Thursday. While many contend that short sellers are not the problem, "I think they may partially be wrong, because, as yo...

First Horizon Commits $50 Million to Its Communities PR Newswire MEMPHIS, Tenn. , May 9, 2023 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") today announced a $50 million commitment to its communities through the First Horizon Foundation. ...

First Horizon Names Natalie Flanders Head of Investor Relations PR Newswire MEMPHIS, Tenn. , May 9, 2023 /PRNewswire/ -- First Horizon Corp. (NYSE: FHN or "First Horizon") today announced that Natalie R. Flanders has been named Senior Vice President and Hea...

2023-05-09 01:30:20 ET Summary TD Bank and First Horizon agreed to terminate their $13.4 billion merger. In my previous article on TD Bank, I espoused that I was skeptical of the First Horizon deal. Cancellation is the best possible outcome for TD Bank shareholders, better tha...

2023-05-08 14:25:18 ET Concerns of over the anti-money laundering practices at TD Bank ( NYSE: TD ) may have led to the termination of TD Bank's planned acquisition of First Horizon ( NYSE: FHN ).  TD fell 1%. The banks called off the deal last Thursda y, citi...

2023-05-08 14:15:00 ET Investors of TD Bank ( TSX:TD ) took a huge sigh of relief late last week, as the Big Six bank said no to the First Horizons Bank ( NYSE:FHN ) deal. Undoubtedly, Chief Executive Officer Bharat Masrani was keen on the deal at the time. Still, it’...

2023-05-07 09:00:32 ET First Horizon Corp.'s ( NYSE: FHN ) standalone value after the collapse of its sale $13.4 billion sale to TD Bank ( NYSE: TD ) on Thursday is $11 to $13 a share, according to a Jefferies analyst. Synovus Financial ( SNV ) and Hancock Whitne...

2023-05-06 08:48:02 ET Summary This week, the Fed Funds Rate was raised to 5-5.25%. Rates are now in restrictive territory and the Fed has changed their tone. A rate pause is the most likely outcome next month, in our opinion. A picture is worth a thousand words, but a cha...

2023-05-06 02:32:14 ET Summary Shares of First Horizon plunged after it became clear that the company was no longer going to be acquired by TD Bank. The firm will receive payments totaling $225 million, but investors are afraid that it may fall prey to worries over its high uninsu...

2023-05-04 18:39:09 ET Investors continued to be skittish about bank stocks on Thursday, which was understandable given the continuing turmoil with regional lenders. One member of that group escaped the clutches of the bear that day, however: Toronto-Dominion (NYSE: TD) . The market...