HBAN Stock Recent News
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Huntington (HBAN) is expected to have recorded a decline in net interest income in fourth-quarter 2023 due to a funding cost hike. Rising expenses and reserves are likely to have been other concerns.
Analysts Estimate Huntington Bancshares (HBAN) to Report a Decline in Earnings: What to Look Out for
Huntington Bancshares (HBAN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Huntington Bancshares recently moved to shore up its balance sheet and improve key capital ratios. The bank closed out a hedging program it opened during the banking turmoil in March 2023.
Huntington (HBAN) completes a synthetic CRT transaction related to a $3-billion portfolio of prime indirect auto loans to boost CET 1 capital and terminates its pay-fixed swaption program.
Regional banks have historically underperformed the market and face challenges such as lack of consistent dividend growth. Huntington Bancshares has a strong balance sheet, robust credit metrics, and a large footprint in the Midwest. The stock is undervalued and has a potential price target of $18, but economic risks and inflation could pose downside risks.
Huntington Bancshares (HBAN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase in the near term.
Huntington (HBAN) plans to expand its commercial banking presence in Charlotte. Moreover, it adds two new specialty banking industry verticals to attract new customers.
Bill Gross is bullish on regional banks, calls the sell-off overdone. It will take time for confidence to reenter the sector; we seek safety and large waiting fees. We present two +7% yielding regional bank preferreds for reliable income.
COLUMBUS, Ohio , Nov. 29, 2023 /PRNewswire/ -- Huntington Bancshares Incorporated (Nasdaq: HBAN) will present at the Goldman Sachs 2023 US Financial Services Conference on Wednesday, December 6, 2023. Steve Steinour, chairman, president, and chief executive officer, and Zach Wasserman, chief financial officer, are scheduled to present to analysts and investors at 9:20 AM (Eastern Time).
Investors may consider solid dividend-yielding stocks like Huntington (HBAN) for their portfolios amid the current economic conditions.