|Day Low/High||15.70 / 15.87|
|52 Wk Low/High||12.30 / 19.01|
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.
JPMorgan analyst Steven Alexopoulos on Thursday said that First Horizon National was his firm's 'top pick for 2012," among small and mid-cap U.S. banks.
Big banks led the stock market Thursday afternoon, after initial jobless claims hit a 44-month low.
The case for consolidation in the banking sector remains strong in 2012.
The ex-dividend date for First Horizon National (NYSE:FHN) is tomorrow, December 14, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $7.70 as of 10:10 a.m., the dividend yield is 0.5%.
Bank shares slip lower as investors remain concerned about Europe downgrades
Deutsche Bank is also looking for a whopping $15 billion in common stock issuance.
First Horizon National was a winner within the banking industry, rising 15 cents (2.1%) to $7.23 on heavy volume.
The action in the futures market is the dumbest form of gambling, and I say best to ignore it. But don't ignore undervalued stocks.
Whether it's the buyers or the sellers, someone doesn't have any idea of what they're doing here.
The Federal Housing Finance Agency's expanded mortgage refinance program could bring an 'upside surprise' for Bank of America, JPMorgan Chase and other large mortgage loan servicers, says an analyst.
As Silvio Berlusconi bids farewell, Mario Monti is tasked with forming a new Italian government.
TheStreet highlights the 10 banks with more than $25 billion in total assets that have the strongest capital ratios.
With strong capital ratios, the Tennessee lender begins buying back shares, while missing the third-quarter consensus earnings estimate by two cents.
JPMorgan and Alcoa could fall short of Wall Street's expectations, while First Horizon and Mattel are seen beating the consensus view, according to Thomson Reuters research.
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