First Horizon Plans New $1B Common Stock Repurchase Program To Replace Prior Repurchase Program, Effective As Of The Close Of Business On October 29
Portfolio Pulse from Benzinga Newsdesk
First Horizon has announced a new $1 billion common stock repurchase program, replacing the previous program with $174 million remaining. The new program is effective from October 29 and will expire on January 31, 2026.
October 29, 2024 | 9:37 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
First Horizon has initiated a new $1 billion stock repurchase program, effective from October 29, 2023, and expiring on January 31, 2026. This replaces the previous program which had $174 million remaining.
The announcement of a $1 billion stock repurchase program is a significant move for First Horizon, indicating confidence in its financial position and potentially boosting its stock price. The new program replaces a smaller, expiring one, suggesting a strategic shift to return more capital to shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100