|Day Low/High||15.99 / 16.33|
|52 Wk Low/High||12.30 / 17.42|
First Horizon National Management Discusses Q2 2012 Results - Earnings Call Transcript
First Horizon's shares declined over 5% after the company reported met expectations with a 50-cent second-quarter loss from previously announced mortgage putback charges of $272 million.
First Horizon National was a winner within the banking industry, rising 5 cents (0.6%) to $8.61 on average volume.
Guggenheim analyst Marty Mosby says "efficiency improvements are just as important," for investors as concern over narrowing interest rate spreads.
JPMorgan slashes earnings estimates for regional banks with expectations for prolonged low interest rates.
TheStreet looks at major trends for the nation's banks heading into second-quarter earnings season.
First Horizon National announced $272 million in second-quarter charges to increase its mortgage putback reserves, after the lender "obtained significant new information from Fannie Mae."
The ex-dividend date for First Horizon National (NYSE:FHN) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $7.56 as of 9:30 a.m., the dividend yield is 0.5%.
First Horizon National was a leading decliner within the banking industry, falling 6 cents (-0.8%) to $7.55 on heavy volume.
First Horizon National was a leading decliner within the banking industry, falling 10 cents (-1.1%) to $8.61 on average volume.
Jefferies analyst Ken Usdin highlights five regional banks that came out as winners when reporting first-quarter results this week.
First Horizon National's CEO Discusses Q1 2012 Results - Earnings Call Transcript
First Horizon National (NYSE:FHN) is trading at unusually high volume Thursday with 23.1 million shares changing hands. It is currently at 4.2 times its average daily volume and trading down 78 cents (-7.8%).
Top 10 New York Stock Exchange-traded stocks posting largest percentage decreases
Heading into first-quarter earnings season, Deutsche Bank analyst Matt O'Connor on Friday raised his price targets for seven large bank holding companies.
Cramer says the rotation is underway into certain sectors such as tech and apparel.
Morgan Stanley on Thursday upgraded its rating for First Republic Bank, while downgrading two other mid-cap regional banks.
First Horizon is an example of a smaller bank stock that is forming a positive setup.
But buybacks will finally start giving you a degree of tightness entirely lacking for five years.
The ex-dividend date for First Horizon National (NYSE:FHN) is tomorrow, March 14, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $10.06 as of 9:30 a.m., the dividend yield is 0.4%.
BBT and FHN are two great banks with good balance sheets, and are worth considering now.
Bank stocks rallied on Wednesday as positive economic data from U.S, Asia and Europe buoyed sentiment.
Analyst Matt Burnell expects increased capital returns in 2012 to drive outperformance of Citigroup, even if capital market revenues remains weak.
With bank M&A dissapointing in 2011, here's five new ways to look at consolidations, along with some picks.
With small and mid-cap banks outperforming in 2011, investors will be closely watching their fourth quarter earnings to see if the rally will continue.
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