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Fly News Breaks for April 6, 2016
HBAN
Apr 6, 2016 | 09:24 EDT
As noted earlier, Sterne Agee CRT upgraded Huntington to Buy from Neutral. After speaking with the company ,the firm thinks that that the bank's acquisition risk is lower than it previously believed. Additionally, the firm thinks the company has more levers to pull to generate positive operating leverage than other banks, while it's facing fewer headwinds than most of its peers. Target $11.50.
News For HBAN From the Last 2 Days
HBAN
Apr 19, 2024 | 09:08 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Paramount (PARA)... To see the rest of the story go to thefly.com. See Story Here
HBAN
Apr 19, 2024 | 08:17 EDT
Sees FY24 average loans up 3%-5%. Sees FY24 average deposits up 2%-4%. Sees FY24 noninterest income up 5%-7%. Sees FY24 noninterest expense up 4.5%. Sees FY24 net charge-offs 25-35 basis points. Sees FY24 effective tax rate 19%. Says believes there will eventually be rate cuts. Sees Q1 as trough for net interest income. Comments and guidance taken from Q1 earnings conference call.
