First Horizon (FHN) announced that its board of directors has authorized a new $1B common stock repurchase program to replace the company’s prior repurchase program, effective as of the close of business on October 29. This new authorization will expire on January 31, 2026. The terminated program had approximately $174M of remaining authorization and was set to expire on January 31, 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FHN:
- First Horizon General Counsel Charles Tuggle to retire in 2025
- First Horizon price target raised to $20 from $19 at RBC Capital
- First Horizon price target raised to $20 from $18 at Stephens
- First Horizon price target raised to $21 from $19 at Barclays
- United Air reports Q3 beat, Amazon unveils nuclear energy pacts: Morning Buzz