Huntington Bancshares Shares Are Trading Lower: What You Need To Know
Portfolio Pulse from Vaishali Prayag
Huntington Bancshares (NASDAQ:HBAN) shares traded lower on Monday, closing down 6.12% at $12.58. The company faced technical difficulties during its presentation at the Morgan Stanley U.S. Financials, Payments & CRE Conference, but quickly resolved the issue. Analysts are looking forward to the company's second-quarter earnings report on July 19, with expected EPS of 29 cents and revenue of $1.83 billion.
June 10, 2024 | 8:27 pm
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NEGATIVE IMPACT
Huntington Bancshares shares dropped 6.12% due to technical issues during a conference presentation. The company quickly resolved the issue and is focused on its upcoming Q2 earnings report on July 19.
The technical difficulties during the conference presentation likely contributed to the immediate drop in share price. However, the company's quick resolution and focus on the upcoming earnings report may mitigate long-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100