fhn

Financial Sector Update for 05/04/2017: FHN

Top Financial Shares:

JPM: +0.7%

BAC: +0.9%

WFC: +0.6%

C: +0.6%

USB: +0.3%

Financial shares were mainly higher in early trade on Thursday.

In financial stocks news, First Horizon National ( FHN ) said Thursday it has agreed to acquire Capital Bank ( CBF ) in a cash and stock deal. Under the agreement, each holder of Capital Bank common stock will be entitled to receive cash or stock with a value equivalent to 1.750 First Horizon shares and $7.90 in cash for each Capital Bank share held.

Shares in the company were 4.4% lower at $18 in early trade. The stock has traded between $12.46 and $20.84 over the past 52 weeks.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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