18 stories mentioning HBANUpdated 7h ago
Every FINWIRES story that references HBAN, newest first.
Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.
Huntington Bancshares (HBAN) has an average rating of overweight and mean price target of $20.21, according to analysts polled by FactSet.Price: $16.36, Change: $-0.39, Percent Change: -2.33%
Financial stocks were advancing premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) marginally higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% lower.Huntington Bancshares (HBAN) revised its adjusted 2027 earnings-per-share target range to $1.75 to $1.83, reflecting lower-than-expected loan growth and net interest margins, the company said in a presentation. Huntington Bancshares stock was down more than 1% pre-bell.Goldman Sachs' (GS) asset management alternatives unit has raised $11.7 billion across its newest private equity funds and other vehicles, the company said. Shares of Goldman Sachs were 0.5% higher premarket.JPMorgan Chase (JPM) expects Q3 investment banking fees and markets revenue to be up "mid- to high-teens," driven by broad-based strength, co-President Doug Petno said. JPMorgan Chase stock was down 0.2% pre-bell.
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4%, and the actively traded Invesco QQQ Trust (QQQ) was 0.6% higher in Wednesday's premarket activity, ahead of the rate decision announcement by the Federal Open Market Committee and a speech by Federal Reserve Chair Kevin Warsh.US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.2%, and Nasdaq futures gaining 0.4% before the start of regular trading.Mortgage applications fell by 4.1% in the week ended Sept. 11 as 30-year fixed mortgage rates rose to their highest level since May 2025, according to Mortgage Bankers Association data.The New York Federal Reserve's services index fell to negative 8.7 in September from 0.5 in August, compared with a smaller expected decrease to a reading of negative 2.2 in a survey compiled by Bloomberg as of 6 am ET.US retail sales were up 1.2% in August, a larger gain than the 0.8% increase expected in a survey compiled by Bloomberg and following the previous month's revised 0.5% decrease.US import prices rose by 0.7% in August, above the 0.5% increase expected in a survey compiled by Bloomberg as of 6 am ET and following a 0.3% decrease in July.Business inventories data for July and the NAHB's builder sentiment reading for September are due to be released at 10 am ET.Weekly oil stocks data are scheduled to be released at 10:30 am ET.In premarket activity, bitcoin was down by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.3% lower, Ether ETF (EETH) retreated 0.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) fell 3.2%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.5%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.J.B. Hunt Transport Services (JBHT) shares were down 11% after Barclays and Wells Fargo cut their price targets for the company. Chief Financial Officer Brad Delco said in a conference call Tuesday that the company expects Q2-to-Q3 earnings to fall 5% to 10%.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%. The Vanguard Health Care Index Fund (VHT) and the iShares US Healthcare ETF (IYH) were inactive. The iShares Biotechnology ETF (IBB) was up 1%.Alvotech (ALVO) stock was up more than 5% premarket after Barclays upgraded it to overweight from underweight and lifted its price target to $8 from $4.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.8%, the iShares US Technology ETF (IYW) was 0.2% higher, and the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 1.4%.SK Hynix (SKHY) shares were up more than 3% after the company said its tentative wage agreement with the South Korean union received the backing of 57.08% of union members, with 8,731 votes in favor.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.04%. Direxion Daily Financial Bull 3X Shares (FAS) was inactive, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.2% lower.Huntington Bancshares (HBAN) shares were down 2% after the company revised its adjusted 2027 earnings-per-share target range to $1.75 to $1.83, reflecting lower-than-expected loan growth and net interest margins.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 1.1%.Borr Drilling (BORR) shares were over 2% higher, a day after the company said it agreed to divest its 51% interest in two oil-drilling Mexican joint ventures to its partner in Mexico.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1%. The Vanguard Consumer Staples Index Fund ETF Shares (VDC), the iShares US Consumer Staples ETF (IYK), the State Street Consumer Discretionary Select Sector SPDR ETF (XLY), the VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were all inactive.VinFast Auto (VFS) shares were down more than 1% pre-bell after the company said that its unit, VinFast Vietnam, has signed agreements to acquire 100% of Ngoc Hoi Real Estate Investment Joint Stock Company for 30.9 trillion Vietnamese dong ($1.20 billion).CommoditiesFront-month US West Texas Intermediate crude oil retreated by 2.1% to $103.60 per barrel on the New York Mercantile Exchange. Natural gas was up 1.7% at $2.97 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 1.8%, while the United States Natural Gas Fund (UNG) was 0.6% higher.Gold futures for November were up by 1.1% at $4,380.90 an ounce on the Comex. Silver futures rose 2% to $65.14 an ounce. SPDR Gold Shares (GLD) was up by 1.1%, and the iShares Silver Trust (SLV) rose by 1.6%.
Financial stocks were advancing premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) marginally higher.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.3% lower.Huntington Bancshares (HBAN) revised its adjusted 2027 earnings-per-share target range to $1.75 to $1.83, reflecting lower-than-expected loan growth and net interest margins, the company said in a presentation. Huntington Bancshares stock was down more than 1% pre-bell.
(Updates with economic data, recent oil price movements, world markets' overview and corporate stock movements.)US equity futures were edging higher pre-bell Wednesday as traders geared up for the interest rate decision from the Federal Reserve later in the day.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.4%, and Nasdaq futures rose 0.6%.The Federal Open Market Committee's statement following Wednesday's meeting is due for release at 2:00 pm ET, with Federal Reserve Chairman Kevin Warsh's press conference scheduled to begin at 2:30 pm ET. The CME Group FedWatch indicator shows a 92.5% chance the Fed will raise rates by 0.25%.Oil prices declined amid a Reuters report that Saudi Arabia is offering crude oil cargoes via ship-to-ship transfer at Oman's Sohar port. Further, US crude oil, gasoline, and distillate inventories increased last week, according to the report.The front-month global benchmark North Sea Brent crude contract was down 1.2% at $107.40 per barrel, and US West Texas Intermediate crude was 1.9% lower at $103.79 per barrel.US retail sales rose 1.2% in August, following a 0.5% decrease in the prior month and compared with expectations for a 0.8% increase in a survey compiled by Bloomberg.US import prices rose 0.7% in August, compared with the 0.5% gain expected and the prior 0.3% decrease in July. US export prices increased 0.6% in August, compared with the 1.4% decline in the prior month and meeting expectations.The September US housing market index, slated for 10 am ET, is expected at 34, compared with 35 from the prior month.In other world markets, Japan's Nikkei closed 0.7% higher, Hong Kong's Hang Seng ended 0.2% higher, and China's Shanghai Composite finished 0.7% higher. Meanwhile, the UK's FTSE 100 was up 0.6%, and Germany's DAX index was 0.4% higher in Europe's early afternoon session.In equities, SK Hynix (SKHY) and Intel (INTC) stocks were up 3.1% and 3.5%, respectively, after Reuters reported that the South Korean semiconductor firm is exploring a deal with Intel to manufacture its memory chips in the US for the first time. Nokia (NOK) shares rose 5.4% after the company and C3IA said they signed a memorandum of understanding to support digital transformation across UK defense operations.On the losing side, Huntington Bancshares (HBAN) stock was down 1.8% after the company said it revised its adjusted 2027 earnings target range to $1.75 to $1.83 per share, reflecting lower-than-expected loan growth and net interest margins. J.B. Hunt Transport Services (JBHT) shares fell more than 11% after Chief Financial Officer Brad Delco said Tuesday that the company expects Q2 to Q3 earnings to decline 5% to 10%.
Huntington Bancshares (HBAN) appointed Brant Standridge as president of the parent company and its Huntington National Bank subsidiary, effective immediately.Standridge most recently served as president of consumer and business banking since joining Huntington in April 2022, the company said Tuesday in a statement.Price: $16.92, Change: $-0.12, Percent Change: -0.68%
Huntington Bancshares (HBAN) has an average rating of overweight and mean price target of $20.26, according to analysts polled by FactSet.
Huntington Bancshares' (HBAN) earnings are likely to remain pressured through 2027 amid uncertainty around the company's net interest income path, BofA Securities said Monday.Last week, the lender reported second-quarter net interest income, or NII, of $2.05 billion, falling short of a FactSet-polled consensus of $2.1 billion. The company expects 2026 NII between 39% and 43% and 2027 earnings in a range of $1.90 to $1.93 a share."While EPS visibility should improve, we are less certain that (Wall) Street gains conviction in the (2027) outlook given the pressure on (NII), underscored by the (roughly) 2% (second-quarter) NII miss and management now guiding (2026) NII to potentially land 'modestly below' the low end of its (39%-to-43%) range," BofA analyst Ebrahim Poonawala said in a note to clients Monday.The brokerage downgraded its rating on the Huntington stock to neutral from buy and reduced its price objective to $18.50 from $20.BofA also lowered the company's EPS estimate to $1.58 from $1.60 for 2026 and to $1.85 from $1.90 for next year.Huntington shares were down 1.2% in Monday late-afternoon trade.The company is "clearly not immune" to the NII pressures that its competitors are facing, BofA said."That said, with NII potentially tracking below the low end of the (2026) guide, we would have expected management to reset the bar, giving itself some margin for error," Poonawala wrote. "We could get constructive again on evidence that management's NII and (2027) EPS guidance are achievable -- or on a reset lower that removes the risk of a negative guidance revision."Price: $17.16, Change: $-0.20, Percent Change: -1.15%
Wall Street banks and smaller competitors remain attractive investment opportunities as financial institutions are set to report earnings this week, according to analysts at BofA Securities and KBW."Our conversations indicate a long bias toward bank stocks that have emerged as an island of stability in a financials sector where stocks have been rocked by fears due to (artificial intelligence) disruption risks, and the adoption of digital assets," Ebrahim Poonawala, head of North American banks research at BofA, said in a note to clients.Long-only investors and portfolio managers are looking for proof that earnings momentum will continue into 2027, he said. That would make the group a "reliable play" as investors move away from chip stocks, Poonawala said.Bank stocks so far this year have performed better than the broader market. The KBW Nasdaq Bank Index is up about 14% so far this year, compared with a 10% gain in the S&P 500 Index."While this has pushed relative multiples higher, relative valuations remain well-below long-term averages," KBW banking analyst Christopher McGratty said in a July 8 note to clients.Banking giants JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS), Wells Fargo (WFC) and Citigroup (C) are expected to release quarterly results before markets open in the US on Tuesday. Morgan Stanley (MS) reports Wednesday, followed by US Bancorp (USB) on Thursday.BofA's Poonawala said a key question for bank profitability is how firms are performing on net interest income -- the difference between the money a bank generates from interest-bearing assets such as loans and securities and the interest it pays out to depositors and lenders."Investors appear increasingly willing to tolerate modest margin pressure if banks can deliver improving NII," he said. "The key debate is whether management teams can offset deposit competition with asset repricing, loan growth, fee growth and operating leverage."Poonawala's favorite names in the banking sector are Citi, Morgan Stanley, State Street (STT), PNC Financial Services (PNC), Huntington Bancshares (HBAN) and US Bancorp. He categorized M&T Bank (MTB), Regions Financial (RF) and Fifth Third Bancorp (FITB) as "crowded relative shorts," according to the note.Investors are looking for JPMorgan, the largest US bank by assets, to guide on net interest income and trends in capital markets, he said.If JPMorgan raises its NII guidance excluding markets and says there's no incremental increase in its expense outlook, it "could trigger sustained stock outperformance," Poonawala said.KBW said it is sticking with its view that so-called universal banks -- Wells Fargo, Citi, Morgan Stanley, Bank of America, JPMorgan and Goldman Sachs -- will continue to benefit from "multi-year structural tailwinds for capital markets and capital return."Stocks that KBW recommends investors hold overweight positions in include Morgan Stanley, PNC, Popular (BPOP), Flagstar Bank (FLG) and Hancock Whitney (HWC).KBW no longer expects the Federal Reserve to cut interest rates this year and believes the year will end with a Fed funds rate of 3.75%. The yield on the 10-year Treasury bond is expected to be 4.4% through the end of 2027, up from a previous estimate of 4.2%, KBW said. Gross-domestic product growth should come in at 2.1% this year and 2% next year, with unemployment between 4.3% and 4.5%, KBW predicted."A higher-for-longer interest rate outlook is firmly entrenched in market expectations," McGratty said in his research note.Another buoyant factor for banks was IPO volumes and mergers and acquisitions, he said."Investment banking results for (the second quarter) are expected to be strong with pockets of M&A advisory fees expected to aid top-line results, though equity underwriting is expected to be the story of (the quarter), with the bulge brackets set to benefit the most following elevated issuance from mega-deals pricing during the quarter," McGratty said.Deals in the quarter included SpaceX's (SPCX) record IPO in June.Matthew Leising
Huntington Bancshares (HBAN) has an average rating of overweight and mean price target of $20.25, according to analysts polled by FactSet.Price: $17.84, Change: $-0.04, Percent Change: -0.20%
US large-cap banks are expected to report strong second-quarter earnings and issue upbeat guidance, with Huntington Bancshares (HBAN), US Bancorp (USB), and Wells Fargo (WFC) seen as top picks, Deutsche Bank said Monday.The brokerage's per-share earnings estimates for major banks are 2% above Wall Street's views on average, as others likely have not factored in the intra-quarter guidance updates from lenders. Deutsche Bank said it's "most above consensus" on Citigroup (C) and JPMorgan Chase (JPM)."Several banks tweaked up their quarterly (net interest income) expectations in early June (driven by strong loan growth) and pointed to better-than-expected investment banking and trading/markets (revenue)," Deutsche Bank analyst Matt O'Connor said in a note to clients.Bank earnings are scheduled to kick off July 14, with JPMorgan, Bank of America (BAC), Citigroup, Goldman Sachs (GS), and Wells Fargo slated to report.Huntington trends likely stabilized in the June quarter, with results seen improving in the second half of the year, according to Deutsche Bank."We believe key issues seem to be resolving, including questions surrounding loan growth, liquidity, and deal risk," O'Connor said. "(Huntington) shares trade at the lowest multiple among our coverage despite a solid long-term track record of both deal integrations and organic growth."US Bancorp is experiencing improved execution under Chief Executive Gunjan Kedia and an upward bias to its full-year revenue outlook following consecutive strong quarterly performances. The lender's recently completed the acquisition of financial services firm BTIG is well-timed due to broad strength in equity trading, while the bank's payments division is also positioned to benefit from strong retail sales volumes, O'Connor said.Wells Fargo shares have lagged its peers so far this year following a couple of disappointing quarters regarding both financial results and outlook, Deutsche Bank said. However, first-quarter trends were better than initially perceived."Momentum has also been building more than the market appreciates in our view post the lifting of the asset cap in June of 2025 and we expect this to be more evident in (second quarter)/beyond," O'Connor wrote.Deutsche Bank's higher EPS outlook for Citigroup factors in a revenue boost from the recent transfer of American Airlines (AAL) card receivables from Barclays (BCS), according to the note.Price: $17.74, Change: $-0.05, Percent Change: -0.28%
James D Rollins III, Director, on June 12, 2026, sold 223,522 shares in Huntington Bancshares (HBAN) for $3,878,107. Following the Form 4 filing with the SEC, Rollins has control over a total of 1,380,204 common shares of the company, with 612,155 shares held directly and 768,049 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/49196/000122520826006086/xslF345X05/doc4.xml
Huntington Bancshares (HBAN) has an average rating of buy and mean price target of $19.69, according to analysts polled by FactSet.Price: $16.64, Change: $+0.33, Percent Change: +1.99%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We reduce our 12-month target price by $2 to $22, 11.1x our 2027 EPS estimate, a premium to the peer average of 10.2x, given balance sheet momentum. The valuation premium also reflects outperformance expectations from both net interest income and noninterest income and optimism with regard to expansion in the Carolinas and Texas. We reduce our 2026 EPS view by $0.11 to $1.65 and lower 2027's by $0.02 to $1.98. While HBAN's efficiency ratio has temporarily declined following its acquisitions of Veritex and Cadence, we expect this to be short-lived. As cost savings and revenue synergies from these deals materialize, performance should improve in coming quarters. After reaching 60% in 2025, we project HBAN's efficiency ratio (noninterest expense / revenue - lower is better) will improve modestly to 59% in 2026, then drop significantly to 54% in 2027. This improvement would position HBAN among the most efficient regional banks, up from one of the least efficient, while maintaining robust credit loss reserves.
Huntington Bancshares (HBAN) has an average rating of buy and mean price target of $19.67, according to analysts polled by FactSet.Price: $16.45, Change: $-0.38, Percent Change: -2.29%
Huntington Bancshares (HBAN) has an average rating of buy and mean price target of $19.67, according to analysts polled by FactSet.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HBAN posted solid Q1 2026 results with operating EPS of $0.37 vs. $0.34 in the prior year, beating consensus by $0.02. Revenue of $2.57B met consensus, up 34% Y/Y and 18% Q/Q. The successful completion of the Veritex (October 2025) and transformative Cadence Bank (February 2026) acquisitions demonstrate HBAN's execution capabilities, with initial integration proceeding well. The systems conversion of Veritex completed in January, with integration of Veritex expected in Q2 2026. Net interest income surged 19% Q/Q while net interest margin expanded 9 bps to 3.24%, reflecting disciplined deposit pricing and improved funding mix optimization. Balance sheet growth was substantial, with average loans increasing to $174B (+19% Q/Q) and deposits to $205B (+18% Q/Q), boosted by $37B in acquired loans and $44B in acquired deposits from Cadence. Credit quality remained stable, with net charge-offs of 0.26% unchanged Y/Y, though nonperforming assets increased to 0.72% primarily from acquired portfolios.
Huntington Bancshares (HBAN) reported Q1 adjusted earnings Thursday of $0.37 per diluted share, up from $0.34 a year earlier.Analysts polled by FactSet expected $0.35.Revenue, expressed as the sum of net interest income and total non-interest income, was $2.57 billion for the quarter ended March 31, compared with $1.92 billion a year earlier.Analysts surveyed by FactSet expected $2.57 billion.Shares of the company were up more than 1% in Thursday premarket activity.Price: $16.61, Change: $-0.21, Percent Change: -1.25%
