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Huntington Bancshares Plunges Following $3.4 Billion Acquisition Of FirstMerit
Tuesday, January 26, 2016 - 1:40pm | 427Huntington Bancshares Incorporation (NASDAQ: HBAN), a regional bank holding company with assets of $71 billion, announced on Tuesday it has entered into an agreement to acquire Firstmerit Corp (NASDAQ: FMER) for approximately $3.4 billion. FirstMerit is a diversified financial services company...
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More Big Banks In The Earnings Spotlight
Sunday, January 17, 2016 - 7:01pm | 605Fourth-quarter results from the big banks have been unimpressive so far. Analysts are looking for some earnings growth from Bank of America Corp (NYSE: BAC) this week. Wall Street expectations are lower for Morgan Stanley (NYSE: MS) and Goldman Sachs Group Inc. Citgroup, JPMorgan and Wells...
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Earnings Expectations For The Week Of April 14: Coca-Cola, Goldman Sachs, Google And More
Monday, April 14, 2014 - 6:33am | 999The new earnings season kicks into high gear this shortened week. Highlights will include quarterly reports from Bank of America, Citigroup and Goldman Sachs, from Intel and IBM, and from Coca-Cola, which are all expected to post earnings declines, as well as from Google and Johnson & Johnson...
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Two Energy And Two Financial Stocks For The Rest Of 2014
Sunday, March 23, 2014 - 11:05am | 868A research report this past week from Credit Suisse analysts featured financials Discover Financial Services (NYSE: DFS) and KeyCorp (NYSE: KEY), as well as energy plays Cameron International (NYSE: CAM) and Tesoro (NYSE: TSO), as picks for the remainder of 2014. The momentous rise in the stock...
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4 Top Bank Stock Picks From Deutsche Bank
Sunday, March 9, 2014 - 11:15am | 832Fifth Third Bancorp (NASDAQ: FITB), PNC Financial Services (NYSE: PNC), Regions Financial (NYSE: RF) and Sun Trust Banks (NYSE: STI) were among the bank stocks featured in a Deutsche Bank research report this week. While the analysts did see improved credit profiles, a decrease in consumer...
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Huntington Bank's Acquisition Of Camco Financial The Start Of Something Big? (HBAN, CAFI)
Thursday, October 10, 2013 - 12:33pm | 666Thursday was a good morning for those who recently went in on Camco Financial (NASDAQ: CAFI). Huntington Bank (NASDAQ: HBAN) announced its acquisition of Camco for a value at approximately $97 million, including outstanding options and warrants. Tim Melvin is one of those who bought in just...
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Starbucks, Huntington Bancshares and Other Stocks Insiders Are Buying
Saturday, May 4, 2013 - 10:25am | 946Insiders may sell shares for any number of reasons, but conventional wisdom is that insiders really only buy shares of a company for one reason -- they believe the stock price will move higher and they want to profit from it. Pullbacks and sell-offs provide a perfect opportunity for investors who...
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Earnings Expectations for the Week of January 14
Sunday, January 13, 2013 - 3:08pm | 1008Last Friday, Wells Fargo (NYSE: WFC) started off the most recent round of quarterly reports from the big U.S. banks by posting a record profit for the quarter. The company also reported that the number of mortgage loans and lending margins declined from the previous quarter. Results from many more...
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Knight Capital and Other Top Performing Financial Stocks in November
Sunday, December 2, 2012 - 9:54pm | 651Here is a quick look at some of the top-performing financial sector stocks in the past month. These companies all have a market cap of more than $500 million and their share prices are more than 15 percent higher than 30 days ago. Flagstar Bancorp (NYSE: FBC) shares are up more than 220 percent...
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Four Financial Stocks That Doubled in Six Months (FBC, OCN, RDN, WAC)
Saturday, November 17, 2012 - 1:03pm | 748Here is a quick look at four financial stocks that have seen their share prices more than double in the past six months: Flagstar Bancorp (NYSE: FBC), Ocwen Financial (NYSE: OCN), Radian Group (NYSE: RDN) and Walter Investment Management (NYSE: WAC). Note that all four of them are mortgage-related...
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Earnings Expectations for the Week of October 15
Monday, October 15, 2012 - 6:54am | 1457The earnings crunch gets underway this week, with big names in the financial, technology, consumer goods and other sectors on tap to share their most recent quarterly results. Among those expected to post the biggest year-over-year gains in earnings are Abbott Labs (NYSE: ABT), BlackRock (NYSE: BLK...
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Earnings Expectations for the Week of January 16
Sunday, January 15, 2012 - 3:47pm | 1524This week will offer a good look at the state of the financial sector as many of the big banks share their fourth-quarter results. JP Morgan Chase (NYSE: JPM) broke the ice on Friday, reporting a decline in earnings that was more than analysts had estimated. Wells Fargo (NYSE: WFC), Goldman Sachs (...
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Jefferies Reiterates Buy on Huntington Bancshares
Friday, May 27, 2011 - 9:10am | 108Jefferies is out with its report today on Huntington Bancshares (NASDAQ: HBAN), reiterating Buy. In a note to clients, Jefferies writes, "We reiterate our Buy rating on HBAN following mgmt meetings. In our view, HBAN should be able to grow pre-tax, pre-provision income directionally, even with...
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Jefferies Upgrades Huntington Bancshares To Buy
Friday, April 1, 2011 - 8:09am | 133According to Jefferies, Huntington Bancshares (NASDAQ: HBAN) has underperformed after a strong early '11 run, and risk/reward looks attractive again with no major changes to fundamentals. Jefferies reported that shares trade at 1.45x tangible book and 9.5x normalized EPS (vs 1.65x and 10x for the...
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Jefferies Upgrades Huntington Bancshares To Buy, $8 PT
Friday, April 1, 2011 - 7:27am | 25Jefferies & Company has upgraded Huntington Bancshares (NASDAQ: HBAN) from Hold to Buy and maintains its $8 price target.