Huntington Bancshares Incorporated is set to present at Morgan Stanley's US Financials Conference, where the CFO will reveal future growth strategies. The
financial institution has recently been upgraded to 'Buy'. An announcement sees an increase in their prime rate to 8.5 percent, reflecting positive financial growth.
Argent Institutional Trust Company recently acquired Huntington Bancshares' Corporate Trust and Institutional Custody business. This acquisition represents a strategic move, indicating strength and adaptability within the company's structure. Further, Huntington Bancshares sees a surge in profit due to strong capital markets and interest income growth. The company has declared quarterly cash dividends on its common and preferred stocks, indicating a confident financial performance. On the people front, the bank named Eric Wasserstrom as Executive Vice President, Head of Investor Relations, hinting a hands-on approach to investor relationships. The company's Q1 2025 earnings unveiled robust financial performance, beating both earnings and revenue estimates. Amidst bullish outlook and encouraging stock performance, Huntington Bancshares' price target has been adjusted downwards by some analysts while raising by others. Even though the prime rate has been reduced to 7.5 percent, the company continues to expand its commercial banking capabilities in Florida.
Huntington Bancshares HBAN News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Sat, 07 Jun 2025 15:04:28 GMT -
Rating 8
- Innovation 4
- Information 8
- Rumor -1
