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Stock Market & Financial Investment News

News Breaks
February 28, 2014
06:25 EDTFMCC, FHNFirst Horizon enters definitive resolution agreement with Freddie Mac
First Horizon National (FHN) announced last night that it has entered into a definitive resolution agreement with the Federal Home Loan Mortgage Corp. (FMCC) regarding the loan repurchase process. The agreement with Freddie Mac follows an agreement with Fannie Mae that First Horizon entered into in Q4. First Horizon said the developments, along with other adjustments, will cause it to change its previously-reported consolidated net income available to common shareholders for the year ended December 31, 2013 by an insignificant amount. Specifically, First Horizon will report $23.8M, or 10c per common share.
News For FHN;FMCC From The Last 14 Days
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November 14, 2014
10:00 EDTFHNOn The Fly: Analyst Downgrade Summary
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07:54 EDTFHNFirst Horizon downgraded to Neutral from Buy at Compass Point
Compass Point downgraded First Horizon to Neutral from Buy, citing valuation. The firm has a $13 price target on the shares.

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