JPMorgan Chase & Co. reduced its stake in First Horizon Corporation by 17.2% in the third quarter, selling over a million shares. Despite this, First Horizon reported a strong financial quarter with an earnings beat, revenue exceeding expectations, and a high return on equity and net margin. The company also announced an increased quarterly dividend and authorized a significant share buyback program.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
First Horizon Corporation $FHN Position Reduced by JPMorgan Chase & Co.
JPMorgan Chase & Co. reduced its stake in First Horizon Corporation by 17.2% in the third quarter, selling over a million shares. Despite this, First Horizon reported a strong financial quarter with an earnings beat, revenue exceeding expectations, and a high return on equity and net margin. The company also announced an increased quarterly dividend and authorized a significant share buyback program.