Huntington Bancshares Q2 Earnings Gets Mixed Analysts Reactions
Portfolio Pulse from Lekha Gupta
Huntington Bancshares Inc. (NASDAQ:HBAN) reported Q2 2023 earnings with revenues of $1.84 billion and EPS of $0.35, beating consensus. However, the company reduced its 2023 guidance for net interest income and noninterest income. Analysts from Raymond James, Stephens & Co., and RBC Capital Markets have given mixed reactions, with price target adjustments and rating changes.
July 24, 2023 | 6:40 pm
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Huntington Bancshares reported Q2 2023 earnings beating consensus but reduced its 2023 guidance. Analysts have given mixed reactions with price target adjustments and rating changes.
The company's Q2 earnings beat consensus, which is positive. However, the reduction in 2023 guidance could be a concern for investors. The mixed reactions from analysts, with some raising and some maintaining their price targets, suggest uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100