FirstMerit acquisition and expanding consumer and product base will push Huntington forward.
There were no surprises in narrow-moat-rated Huntington Bancshares' third-quarter results, and we are maintaining our fair value estimate of $13 per share. Results remained strong for Huntington, as return on tangible common equity stayed above 14%, at 14.1% for the quarter, and return on average assets also remained above 1%, at 1.08%. Integration of FirstMerit is largely complete, and arguably ahead of schedule, as the bank has already realized all of its 2018 target goals. With all major expe...Huntington Bancshares is a holding company. Through its subsidiaries, the company provides commercial, small business, consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. The company's segments include: Consumer and Business Banking, which provides financial products and services to consumer and small business customers; and Commercial Banking, which provides products and services to the middle market, large corporate, real estate and government public sector customers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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