Huntington Bancshares Incorporated continues its active presence in the financial market with consistent performance signals. The bank has recently decreased its Prime Rate to 7.75 Percent and is set to present at the 2024 BancAnalysts Association. The bank boasts a 'Terrific Story' according to renowned analyst Jim Cramer, highlighting its tremendous total return potential. Despite suffering underperformance in the market compared to competitors, Huntington Bancshares Inc. still outperformed competitors on a particular day despite losses. The company reported Q3 earnings in 2024, with a strong focus on loan and deposit growth. Continual strong performance has granted the bank a 'Moderate Buy' recommendation by industry analysts. Future outlooks for the bank remain promising, as Q3 earnings seem set to surpass Wall Street expectations. Despite a predicted increase in costs, the institution expects to offset this with a boost in Net Interest Income (NII). Continued expansion with branch openings in North and South Carolina continues to show growth strategy fulfilment. Furthermore, the bank's third-quarter earnings report revealed a beating of expectations, recording an EPS of $0.33 and revenue of $1.887 Billion.
Huntington Bancshares HBAN News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Sat, 09 Nov 2024 09:35:26 GMT -
Rating 7
- Innovation 3
- Information 6
- Rumor -4
