Huntington Bancshares Q2 Results Top Estimates
(RTTNews) - Huntington Bancshares, Inc. (HBAN) reported Friday net income for the second quarter of $559 million or $0.35 per share, compared to $539 million or $0.35 per share in the year-ago quarter.
Total revenue for the quarter increased 6 percent to $1.85 billion from $1.75 billion in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.34 per share on revenues of $1.84 billion for the quarter. Analysts' estimates typically exclude special items.
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Huntington Bancshares Q4 Adj. EPS Meets Estimates
Huntington Bancshares, Inc. (HBAN) reported Friday that net income for the fourth quarter declined to $243 million or $0.15 per share from $402 million or $0.27 per share in the year-ago quarter.
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Swiss Market Ends On Buoyant Note
The Switzerland market closed on a strong note on Monday, as falling oil prices helped ease concerns about inflation and growth, prompting investors to pick up stocks.
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European Stocks Rally On Oil Decline, Diplomatic Optimism
European indices closed notably higher Monday as oil prices fell sharply on Middle East diplomatic hopes, easing inflation concerns. Brent crude futures dropped to $100 per barrel, losing approximately 4%. Financial, mining, and consumer stocks led gains, while energy stocks declined due to lower oil prices.
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U.S. Stocks Up Firmly; Tech Stocks Rally On Renewed Optimism Surrounding AI
U.S. stocks are up firmly in positive territory a little past noon on Monday, supported by lower Treasury yields and easing concerns about inflation due to a sharp drop in oil prices. Tech stocks are up amid renewed optimism about outlook for large AI hyperscalers.
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Canadian Stocks Mixed In Cautious Trade
Canadian stocks are turning in a mixed performance on Monday with the mood remaining cautious despite easing concerns about inflation following a sharp fall in oil prices.
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Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the European session on Monday.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the European session on Monday.
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Bay Street Likely To Open On Positive Note
Canadian stocks may open higher on Monday as a sharp drop in oil prices is expected to ease concerns about inflation.
Oil prices fell sharply today amid hopes for a progress in diplomatic talks to ease tensions between Iran and the U.S.
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