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Huntington Bancshares Underperforming Relative To Peers, Analyst Downgrades Stock
HBANHuntington(HBAN) Benzinga·2024-06-14 18:21

Read Next: JPMorgan's 500MVentureCapitalFundBetsBigOnWeight−LossDrugs:′They′reAllTheRage′PhotobyJonathanWeissviaShutterstockFurther,thefirm′sNIMliftlostsomesteamaroundthefirstquarterearnings,andmostrecently,HuntingtonBancsharesdialeddownitsfiscalyear2024loangrowthoutlook.AccordingtoSiefers,thecompany′sNIItrajectoryisnow"lessrobustthanatsomeotherpeers."TheanalystloweredHuntingtonBancshares2024earningspershareto500M Venture Capital Fund Bets Big On Weight-Loss Drugs: 'They're All The Rage' Photo by Jonathan Weiss via Shutterstock Further, the firm's NIM lift lost some steam around the first quarter earnings, and most recently, Huntington Bancshares dialed down its fiscal year 2024 loan growth outlook. According to Siefers, the company's NII trajectory is now "less robust than at some other peers." The analyst lowered Huntington Bancshares 2024 earnings per share to 1.17 from $1.18. The earn ...