Huntington Bancshares Incorporated (HBAN) has announced a dividend payment of
$356.25 per share for the Series I Preferred Stockholders. The bank has demonstrated strong financial performance through its Q1 results, with earnings surpassing Wall Street expectations, strong interest income growth, and a surge in profit. Revenue estimates were also exceeded for both Q1 and Q4 of 2024. The bank opened its first full-service branch in
Charlotte, marking its expansion into the
Carolinas, and extended its commercial banking operations into
Florida. Key institutional custody and trust services are set to be acquired by Argent, contributing to HBAN's growth strategy announced at a Morgan Stanley Conference. Despite a price target downgrade by Morgan Stanley, HBAN shared a positive future outlook in line with expectations. The bank remains attractive to institutional investors who hold about
88% of the company and notable executives from the bank have recently sold off their stocks.
Huntington Bancshares HBAN News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Sat, 28 Jun 2025 00:00:42 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor 0
