The investment and banking world has witnessed fluctuations in the stance on Huntington Bancshares (HBAN) as observed in a series of significant financial events. Morgan Stanley recently lowered the price target for HBAN from $22 to $20, but maintained an optimistic overweight rating, mirroring a recent move by Citi, also reducing their target to $20 but retaining a Buy rating. It felt the ripples of the BofA, also seeing a decrease in price target from $19 to $17. Nonetheless, Baird upgraded HBAN, reinforcing its investment potential.
Huntington's benefit from surging profits, backed by a robust capital market and growing interest income, was mentioned. In the near future, the company plans to continue issuing dividends, which currently stand at $0.155. In terms of financial performance, HBAN topped Q4 earnings and revenue estimates, posting a 127% year-over-year growth. HBAN also boasted strong loan and deposit figures in its Q3 and Q4 2024 earnings call highlights.
Media personality Jim Cramer emphasized the bank's growth prospects and affirmed a promising future in lending. Opinions about HBAN in the financial press and on Wall Street are mostly positive, with the company generally portrayed as undervalued.
Huntington Bancshares HBAN News Analytics from Fri, 19 Apr 2024 07:00:00 GMT to Fri, 14 Mar 2025 14:11:01 GMT - Rating 2 - Innovation -3 - Information 8 - Rumor -2
