The headline numbers for Huntington Bancshares (HBAN) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Huntington Bancshares (HBAN) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.35 per share a year ago.
Escalating expenses and weakening asset quality are likely to have hurt Huntington's (HBAN) second-quarter performance. A rise in fee income and NII are likely to have offered some support.
Huntington Bancshares (HBAN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Piper Sandler analyst R. Scott Siefers lowered Huntington Bancshares Incorporated HBAN to Underweight from Neutral, lowering the price forecast to $11.5.
LOS ANGELES, CA / ACCESSWIRE / June 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Huntington Bancshares Incorporated ("Huntington Bancshares" or "the Company") (NASDAQ:HBAN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Huntington (HBAN) trims 2024 NII projection. The change in guidance is due to weaker loan growth and increased funding costs linked with strong deposit growth.
Huntington Bancshares (HBAN) was the worst-performing stock in the S&P 500 in intraday trading on Monday after the regional lender said it expects net interest income to decline in 2024.
Two months ago, Huntington Bancshares predicted its net interest income would be roughly flat this year. The bank's CFO just changed his mind about that -- and now says interest income will decline.
LOS ANGELES, CA / ACCESSWIRE / June 9, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Huntington Bancshares Incorporated ("Huntington Bancshares" or "the Company") (NASDAQ:HBAN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
LOS ANGELES, / ACCESSWIRE / June 8, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Huntington Bancshares Incorporated ("Huntington Bancshares" or "the Company") (NASDAQ:HBAN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
LOS ANGELES, / ACCESSWIRE / June 7, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Huntington Bancshares Incorporated ("Huntington Bancshares" or "the Company") (NASDAQ:HBAN) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.