|Day Low/High||15.91 / 16.08|
|52 Wk Low/High||12.30 / 16.89|
Millions to some Nashville area bank executives result from loopholes in bailout money rules
First Horizon pays out more than $6.8 million to its pair of chief executives in 2008
For many large banks, exposure to souring commercial real estate and construction loans began to reach alarming levels during the fourth quarter of 2008.
First Horizon National shares soared more than 27% Friday after easily beating Wall Street's dim expectations for the fourth quarter.
Financial stocks were mainly dropping Monday, as investors assessed the possibility of a joint venture between Morgan Stanley and Citigroup's Smith Barney.
A Stifel Nicolaus analysts lowered his rating on seven banks, taking the entire sector lower.
Insurance stocks fell, but regional banks that announced a government investment rallied Monday, in a mixed day of trading for financial stocks.
First Horizon National reported a third-quarter loss of $118 million, or 59 cents a share, its fourth net loss over the past five quarters.
After the comeback rally, the trading panel looks at the new rules.
Financial stocks soared as investors again grew confident a bailout plan would pass Congress.
The Nasdaq is still oversold and a decline in the next couple of weeks would likely set it up for a better rally.
The bank's shares were slipping Thursday after saying it would close down a business structuring interest rate swaps for municipalities.
Shares of the exchange operator rose after CME said it plans to partner with Japan's Osaka Securities Exchange to develop new products.
The bank says 'persisting market weakness' moved it to up its forecast for bad loans.
Loan delinquency trends in the second quarter showed some surprising stabilization signs, but analysts say don't hold your breath for signs that the credit crisis is over.
The bond insurer soared after Standard & Poor's lifted its negative credit watch designation.
Shares slipped as much as 10% as Tom Wurtz agreed to step down.
The Seattle thrift soared Tuesday after reassuring investors of its capital position in the wake of a big drop on Monday.
Our problems are so widespread, I see lots more IndyMacs before we're out.
The major indices are well into the red Tuesday as investors weigh regional bank earnings results, so-so economic data and testimony from Fed chief Ben Bernanke.
Despite a number of these names moving into the under-$10 universe, we continue to avoid this sector.
In TheStreet.com's second Q&A with bank analysts, Morgan Keegan's Bob Patten says macro factors are overriding fundamentals for regional banks, making some of them 'absolute steals.'
Despite the political rhetoric, clean coal technology is years away, Cramer says.
Moody's threatened to downgrade MBIA and Ambac, sinking the bond insurer and financial stocks.
It will acquire the residential mortgage origination and servicing business of First Tennessee Bank.
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