Reported about 1 year ago
Huntington Bancshares (NASDAQ: HBAN) stock dropped 5% after the company's CFO announced at a financial conference that the net interest income (NII) for the year is expected to decline by 1% to 4%, compared to a flat prediction with a +/- 2% margin. This news follows a 33% drop in Q1 earnings, leading to investor concerns over the stock's performance, although the stock's 4.6% dividend yield may still present a decent investment opportunity.
Source: YAHOO