2024-03-25 09:00:00 ET
Summary
- Huntington Bancshares Incorporated is a regional bank with over 1200 branches primarily in the Midwest.
- Despite some financial challenges, HBAN has strong capital ratios and a respectable tangible book value.
- The HBANM preferred stock is a good investment choice compared to similar preferred stocks from other money-center banks. That extra yield earned HBANM a Buy rating.
Introduction
Are fixed income investors seeing the end of the rising interest-rate cycle? No action was taken at the March 20th meeting, leaving the target rate at 5.5-5.5%. Maybe unexpectedly, the Dow Jones Industrial Average rose 400 points, most of which occurred after the 2pm announcement....
Read the full article on Seeking Alpha
For further details see:
HBANM Provides Better Yield Than Money-Center Bank Preferreds