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An announcement from Huntington Bancshares ( (HBAN) ) is now available.
Huntington Bancshares announced the sale of $1.0 billion in corporate debt investment securities, resulting in a pre-tax loss of approximately $20 million to be recognized in the fourth quarter of 2024. The company plans to reinvest the proceeds into 0% risk-weighted securities, aiming to benefit its common equity tier 1 capital and expects a two-year earn-back period, impacting its financial positioning and strategic operations.
More about Huntington Bancshares
Huntington Bancshares Incorporated is a company operating in the financial industry. It primarily deals with banking services and financial products, focusing on investment securities and corporate debt management.
YTD Price Performance: 30.73%
Average Trading Volume: 13,510,838
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $23.11B
Find detailed analytics on HBAN stock on TipRanks’ Stock Analysis page.