We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
On May 15, we issued an updated research report on Huntington Bancshares Incorporated (HBAN - Free Report) . The company continues to benefit from organic and inorganic growth strategies while mounting expenses and stringent regulations remain near-term concerns.
Shares of Huntington have increased 8.5% in the last six months, outpacing the 8.2% growth for the Zacks categorized Banks - Midwest industry.
However, the company’s current-year Zacks Consensus Estimate has revised 3.1% downward, over the past 30 days. As a result, it currently carries a Zacks Rank #3 (Hold).
The company witnessed consistent organic growth over the last few years. It remained focused on achieving the best deposit franchise with the deposit balance increasing at a compound annual growth rate (CAGR) of 14.0% over the three-year period ended 2016. Also, loans improved due to its commendable performance in commercial and consumer portfolio at a CAGR of12.5%.
On the back of its strong liquidity position, Huntington continues to expand through acquisitions. We expect these initiatives to support its performance and help it gain market share, going forward.
However, the company’s escalating expenses and stringent regulations are likely to keep affecting its bottom-line growth.
Comerica‘s earnings estimates were revised upward by 8.9% for the current year, in the past 30 days. Also, its share price jumped 19.8%, over the last six months.
PNC Financial’s current-year earnings estimates were revised 1.4% upward, over the last 60 days. Further, its shares increased 13.6%, in the last six months.
Northern Trust witnessed 1.3% upward earnings estimates revision for the current year, in the past 30 days. Moreover, its shares gained 11.3% in the last six months.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why It's Worth Holding onto Huntington (HBAN) Stock
On May 15, we issued an updated research report on Huntington Bancshares Incorporated (HBAN - Free Report) . The company continues to benefit from organic and inorganic growth strategies while mounting expenses and stringent regulations remain near-term concerns.
Shares of Huntington have increased 8.5% in the last six months, outpacing the 8.2% growth for the Zacks categorized Banks - Midwest industry.
However, the company’s current-year Zacks Consensus Estimate has revised 3.1% downward, over the past 30 days. As a result, it currently carries a Zacks Rank #3 (Hold).
The company witnessed consistent organic growth over the last few years. It remained focused on achieving the best deposit franchise with the deposit balance increasing at a compound annual growth rate (CAGR) of 14.0% over the three-year period ended 2016. Also, loans improved due to its commendable performance in commercial and consumer portfolio at a CAGR of12.5%.
On the back of its strong liquidity position, Huntington continues to expand through acquisitions. We expect these initiatives to support its performance and help it gain market share, going forward.
However, the company’s escalating expenses and stringent regulations are likely to keep affecting its bottom-line growth.
Some better-ranked stocks in the financial space include Comerica Inc. (CMA - Free Report) carrying Zacks Rank #1 (Strong Buy), The PNC Financial Services Group, Inc. (PNC - Free Report) and Northern Trust Corp. (NTRS - Free Report) , sporting a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Comerica‘s earnings estimates were revised upward by 8.9% for the current year, in the past 30 days. Also, its share price jumped 19.8%, over the last six months.
PNC Financial’s current-year earnings estimates were revised 1.4% upward, over the last 60 days. Further, its shares increased 13.6%, in the last six months.
Northern Trust witnessed 1.3% upward earnings estimates revision for the current year, in the past 30 days. Moreover, its shares gained 11.3% in the last six months.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>