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Huntington Bancshares HBAN - News Analyzed: 4,078 - Last Week: 100 - Last Month: 400

↑ HBAN: Growth strides, Higher Costs and Institutional Ownership

HBAN: Growth strides, Higher Costs and Institutional Ownership
Huntington Bancshares Incorporated (HBAN) has been attaining attention from various news on its progress in the Q3 2024 earnings report. The earnings have evidently endorsed the company's growth potential as it surpasses the Wall Street estimates. Multiple dividends have been declared on its common and preferred stocks, fortifying investors' sentiment. Additional excitement surrounds the price targets being raised to $15. The company has produced a strong loan and deposit due to which, the stock market has given an alluring rating to HBAN. This bio-banking firm, however, has cautioned about higher costs affecting its earnings. The company is also the focus of institutional owners as they hold majority of the company's portion. The company's strategic initiatives and its continuous expansion in various territories have been recognized. Nonetheless, Huntington faced a dip as they announced lowered net interest income guidance for the year 2024. A significant partnership with Cleveland Browns was also celebrated which fortifies their market position. But dilutions have resulted due to insider sale. The company is also showing promise in Texas and has appointed a new President for Huntington Insurance, Inc. The market still deems HBAN as a strong buy.

Huntington Bancshares HBAN News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Sat, 19 Oct 2024 03:10:03 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor -6

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