Huntington Bancshares (HBAN) has been garnering attention with a recent upgrade to Buy and targeted price adjustments. Despite a short-term dip of 1.35%, HBAN's annual gains remain robust and stock performance is showing significant momentum. The bank has been proactive in revealing its growth strategy at financial conferences, with a focus on delivering powerful financial performance and strong capital markets and interest income growth. The recent decision for Huntington's Arm to divest corporate trust business resulted in a 3.05% rise in shares and the announcement of a strategic partnership with Argent. Q1 2025 earnings beat expectations, with profits surging and a dividend of $0.155 declared. Furthermore, a $1B buyback was also announced. The bank has additionally declared regular cash dividends on both its common and preferred stocks, identifying itself as an attractive income opportunity. In a strategic move, Huntington's stock saw a price target raise from $18 to $19 while Jefferies set a goal of $20. The bank's commitment to innovation shines through with its outperformance in the business banking sector.
Huntington Bancshares HBAN News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Sat, 14 Jun 2025 02:36:13 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor 3
