Huntington Bancshares Inc
TCF and Huntington Merger Will Create a Midwest Banking Dynamo
PMI Index: Component Growth Impacts Banks
A growing economy definitely benefits the banking sector. The impact will be positive for big banks and also for regional banks.
Huntington Bancshares Landed at the Bottom of SPY on Merger Deal
Huntington Bancshares (HBAN) plunged 8.5% on Tuesday, January 26, after the bank announced its plan to acquire FirstMerit (FMER) in a deal worth $3.4 billion.
Financials Sector: Supported by Upward Revision in US GDP
After pulling back briefly on March 29, the financials sector regained strength and led the market rally on March 30.
Why the US Banking Sector Has Been so Volatile in 2015
XLF invests heavily in the banking sector—47.91% of its portfolio. As of November 6, XLF returned 0.3%, whereas IYF returned 3.2% as of the same date.
How Has Huntington Bancshares Performed?
Huntington’s peers have outperformed the company based on EPS. However, Huntington Bancshares is way ahead of its peers based on forward PE and PBV.
Zions’ Interest and Non-Interest Income Rose in 3Q15
Zions Bancorp (ZION) has a market cap of $5.7 billion. After the earnings report in 3Q15, it fell by 0.89% to close at $27.90 per share as of October 19, 2015.
How Did Comerica Perform Compared to Its Peers?
The peers outperformed Comerica based on the PBV ratio. However, Comerica is way ahead of its peers based on the forward PE ratio.