Huntington Bancshares up after profit jumps more than two-fold in Q4

Huntington Bancshares

17/01/2025 13:56

** Shares of Huntington Bancshares  HBAN.O  rise nearly 1%
to $17 premarket 
    ** HBAN reports a more than two-fold rise in its Q4 profit,
helped by robust performance in its capital markets unit and a
higher interest income
    ** Capital markets and advisory fees jump 74% to $120
million, while wealth and asset management revenue rose 8% to
$93 million in the three months ended Dec. 31
    ** Co's profit rises to $530 million, or 34 cents per share,
from $243 million, or 15 cents, a year earlier. The profit also
beats analysts' expectation of 31 cents - LSEG
    ** Shares of HBAN rose 27.9% in 2024

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))