Investing.com - Huntington Bancshares reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Huntington Bancshares announced earnings per share of $0.36 on revenue of $1.65B. Analysts polled by Investing.com anticipated EPS of $0.3036 on revenue of $1.7B.
Huntington Bancshares shares are up 8% from the beginning of the year and are trading at $16.68 , down-from-52-week-high.They are outperforming the S&P 500 which is down 5.95% from the start of the year.
Huntington Bancshares follows other major Financial sector earnings this month
Huntington Bancshares's report follows an earnings beat by JPMorgan on January 14, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on Wednesday with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
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