Options Volatility and Implied Earnings Moves Today, April 19, 2024
TipRanks (Fri, 19-Apr 7:05 AM ET)
Huntington Bancshares Q1 earnings beat consensus as loans and deposits increase
Seeking Alpha News (Fri, 19-Apr 7:04 AM ET)
Benzinga (Fri, 19-Apr 6:48 AM ET)
Huntington Bancshares Non-GAAP EPS of $0.28 beats by $0.03, revenue of $1.75B beats by $10M
Seeking Alpha News (Fri, 19-Apr 6:31 AM ET)
Huntington Bancshares Non-GAAP EPS of $0.28 beats by $0.03
Seeking Alpha News (Fri, 19-Apr 6:31 AM ET)
Huntington Bancshares Incorporated Reports 2024 First-Quarter Earnings
PRNewswire (Fri, 19-Apr 6:30 AM ET)
Huntington Bancshares Q1 2024 Earnings Preview
Seeking Alpha News (Thu, 18-Apr 11:21 AM ET)
Notable earnings before Friday's open
Seeking Alpha News (Thu, 18-Apr 10:23 AM ET)
Huntington Bancshares Announces Upcoming Annual Shareholder Meeting
TipRanks (Wed, 17-Apr 9:12 AM ET)
Globe Newswire (Wed, 17-Apr 9:00 AM ET)
Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer & Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer & Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.
Huntington Bancshares trades on the NASDAQ stock market under the symbol HBAN.
As of April 19, 2024, HBAN stock price climbed to $13.38 with 24,089,254 million shares trading.
HBAN has a beta of 1.59, meaning it tends to be more sensitive to market movements. HBAN has a correlation of 0.33 to the broad based SPY ETF.
HBAN has a market cap of $19.37 billion. This is considered a Large Cap stock.
Last quarter Huntington Bancshares reported $2 billion in Revenue and $.27 earnings per share. This fell short of revenue expectation by $-49 million and met earnings estimates .
In the last 3 years, HBAN stock traded as high as $17.79 and as low as $9.13.
The top ETF exchange traded funds that HBAN belongs to (by Net Assets): VTI, VOO, VO, SCHD, DVY.
HBAN stock has underperformed the market in the last year with a return of +20.7%, while SPY returned +21.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HBAN shares. However, HBAN has outperformed the market in the last 3 month and 2 week periods, returning +10.6% and -1.0%, while SPY returned +4.6% and -3.2%, respectively. This indicates HBAN has been having a stronger performance recently.
HBAN support price is $12.95 and resistance is $13.41 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HBAN stock will trade within this expected range on the day.