Huntington Bancshares (HBAN) Cuts 2027 EPS Outlook Amid Rate Hike
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowHuntington Bancshares Incorporated (NASDAQ: HBAN) adjusted its 2027 earnings per share (EPS) guidance down to the range of $1.75-$1.83 from above $1.90, following a profit warning at a Barclays conference. The bank’s net interest income growth forecast for 2026 was also reduced from 39%-43% to approximately 35%. On September 16, 2026, HBAN’s stock fell 5.55% to $15.82, nearing its 52-week low. This reduction in guidance highlights challenges faced due to rising deposit costs and tightening loan pricing, signaling potential pressure on regional bank margins and impacting investors in this sector.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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