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Stock Market & Financial Investment News

News Breaks
May 28, 2014
09:00 EDTFHNFirst Tennessee purchases 13 branches
First Tennessee Bank will further strengthen its leading market share in Tennessee with an agreement to purchase 13 branches and four remote ATMs from Bank of America. The banks expect the purchase of the branches in Middle and East Tennessee to close later this year following approval by regulators and satisfaction of customary closing conditions. First Tennessee will add approximately $660M of deposits at a deposit premium of 3.32% based on deposit balances near the time the transaction closes. First Tennessee is a subsidiary of First Horizon National.
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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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