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Fly News Breaks for February 9, 2018
HBAN
Feb 9, 2018 | 09:01 EDT
Hilliard Lyons analyst Andrew Stapp upgraded Huntington Bancshares to Buy from Neutral, stating he does not understand why the stock and the wider banking sector have been negatively impacted by the recent pullback in equity valuations. While higher interest rates will constrain profitability for most sectors, they should benefit banks such as Huntington, concluded Stapp, who keeps a $17 price target on the shares.
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.
