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-0.000280732399638252 -0.00391985609865154 -0.00443973091279619 0.00283851648523039 0.00335839129937504 -0.000280732399638252 -0.000800607213782902 0.00231864167108555
Stock impact report

Reduced Leverage And Increased Expected Losses Dogging Huntington Bancshares [Seeking Alpha]

Huntington Bancshares Incorporated (HBAN) 
Last huntington bancshares incorporated earnings: 4/23 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: huntington-ir.com
Company Research Source: Seeking Alpha
SummaryHuntington posted a decent pre-provision beat, but the huge provisioning expense overshadowed that positive development.Management has built reserves to over 1.9% of loans, including 20% reserves against the loan book, and management warned that the energy sector could be weak for years.Huntington management will be moving forward with a more organized cost-reduction plan, and some pre-provision growth is still likely over the next few quarters, but operating leverage is diminished.Huntington shares look too cheap even on the assumption of sub-3% long-term earnings growth, but other regional banks of similar quality trade at discounts to tangible book.I'm worried that Huntington Bancshares (HBANafter fourth quarter earningsOnce again, I find my argument for Huntington largely revolving around "it's not really as bad as the price says it is". I think management is being "prudently aggressive" in building reserves, particularly against the energy book, and I do think there will b Show less Read more
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