First Horizon Corp

Where cracks in the banking sector may appear without more M&A

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Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024. Brendan Mcdermid | Reuters The forces that consumed three regional lenders in March 2023 have left hundreds of smaller banks wounded, as merger activity — a key potential lifeline — has slowed to a trickle. … Read more

The market version of ‘quickie’ divorce is getting more costly

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Bymuratdeniz | E+ | Getty Images With regulators exerting more scrutiny on mergers and acquisitions, managing risk is increasingly important for companies planning nuptials.  One time-honored corporate M&A prenup strategy, which could become more important going forward, is the use of break-up fees, also known as termination fees. These fees — paid by the buyer, … Read more

Keep an eye on banks’ earnings reports

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CNBC’s Jim Cramer on Friday guided investors through next week’s market action, telling them to pay attention when several major financial institutions report earnings. Friday’s earnings season kicked off with Bank of America, JPMorgan Chase, and Wells Fargo failing to impress Wall Street, which disappointed Cramer. The Dow Jones Industrial Average slipped 0.31%. Cramer wondered … Read more