Huntington Bancshares Incorporated (HBAN) recently announced its
Q3 2024 earnings call details including an updated schedule for
2025 earnings release dates. The company has been given a consensus recommendation of \"
Moderate Buy\" from analysts and has decreased its prime rate to
8 percent. This news comes in the wake of HBAN's recent strong trading day, outperforming competitors despite earnings declining over the past year. Institutional owners are reportedly favouring HBAN, holding
84% of the company. Its second-quarter earnings report beat estimates with investors being up
3.3% in that week. The company also announced a
cash dividend which was well-received. FY2024 EPS estimates for the company have been lowered by analysts but the company's stock still remains to perform positively. A 20-year
partnership with Cleveland Browns has been established including stadium naming rights indicating their commitment to long-term investments. The increased
shareholdings by multiple investment firms like Forsta AP Fonden and Point72 Asset Management further signifies investor confidence in HBAN. However, with the reduced net income interest forecast, a dip of
6.1% in Q2 earnings was observed.
Huntington Bancshares HBAN News Analytics from Mon, 11 Dec 2023 08:00:00 GMT to Sat, 12 Oct 2024 05:54:46 GMT -
Rating 6
- Innovation 5
- Information 7
- Rumor -3
