First Horizon Corp（FHN）資訊與事件FHNFirst Horizon Corp

First Horizon Plans to Sell $4.5B of Consumer Mortgages

First Horizon disclosed in its earnings release that it entered into an agreement in early October to sell $4.5B of "select lower yielding" consumer mortgages. The transaction will be accretive to earnings on a go forward basis and will provide balance sheet flexibility to support future loan growth, the company said in a statement. The transaction is expected to settle early in Q4. Shares of First Horizon are up 2% to $23.09 in morning trading following its Q3 report.

Tech Stocks Decline, Nasdaq and S&P 500 Suffer Major Drops

Stock futures are pointing to a mixed open as a technology selloff deepens following hotter-than-expected inflation data and renewed concerns about the cost of financing the artificial-intelligence buildout. The Nasdaq and S&P 500 suffered their steepest daily declines in months Wednesday after September CPI came in above expectations, fueling concerns that the Federal Reserve may need to keep rates higher for longer or raise them again.AI-related stocks remain under pressure. Investors are increasingly questioning whether elevated borrowing costs and the scale of AI infrastructure spending could constrain future growth, even as demand for AI computing remains strong.The Producer Price Index rose 1.3% month over month, the largest increase since March 2022, following a 0.4% gain in August and exceeding economists' expectations for a 0.6% advance. On an annual basis, producer prices climbed 6.3%, up from 5.6% in August and the highest rate since December 2022. Core PPI, which excludes food and energy, rose 0.7% monthly and 5% annually, suggesting inflationary pressures are extending beyond volatile commodity prices.In pre-market trading, S&P 500 futures fell 0.32%, Nasdaq futures fell 1.31% and Dow futures rose 0.43%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Opko Healthup 21% after agreeing to a deal for Labcorpto acquire select assets of BioReference Health for $722MPenske Automotiveup 8% after entering into a $16.3B merger agreement to be taken private by Motown Acquisition Corp., an entity owned by Penske Corporation and MitsuiUP AFTER EARNINGS -Ericssonup 11%Kimberly-Clarkup 3%BNY Mellonup 2%CMC Industriesup 2%Prologisup 1%Marsh McLennanup 1%DOWN AFTER EARNINGS -ManpowerGroupdown 12%First Horizondown 5%Charles Schwabdown 3%TSMCdown 3%PNC Financialdown 2%LOWER -FMCdown 39% after cutting third quarter guidance

First Horizon Corporation Deposits Increase by $1.3 Billion

"This quarter's results are a testament to our disciplined approach and clear strategic priorities," said Bryan Jordan, chairman, president and CEO of First Horizon Corporation. "Average client deposit balances increased $1.3 billion in the quarter, and we continue to focus on growing and maintaining full client relationships and deploying capital where it best serves long-term value creation. Looking ahead, we remain committed to executing our strategy and delivering sustainable growth and value for our clients, associates, and shareholders."