2024-01-05 05:57:00 ET
Last year, we witnessed the most significant bank failures since 2008 when the federal government seized Silicon Valley Bank (a subsidiary of SVB Financial ) and First Republic Bank amid bank runs that triggered concern about possible contagion risk.
One bank caught up in the industry's volatility is Huntington Bancshares (NASDAQ: HBAN) . Last August, Moody's downgraded several regional banks while putting others on watch for a negative outlook, and Huntington was one of them.
The bank has maintained a strong balance sheet, and recent moves by management should help bolster its financial position further. Its moves help improve important capital ratios and are a positive sign for investors drawn to the bank stock because of its 4.8% dividend yield . Here's what you need to know about the bank's recent moves.
For further details see:
This High-Yield Dividend Stock Is Getting Stronger and Stronger. Is It a Buy?