Narrow-Moat Huntington Bancshares Delivers Solid Finish to 2018
Narrow-moat-rated Huntington Bancshares reported fourth-quarter results that were largely in line with our long-term opinions on the company. After updating our model for the latest results, we are decreasing our fair value estimate to $15.00 from $15.50, largely due to slightly more conservative net interest margin and leverage assumptions. Full-year earnings per share grew 20% to $1.20 per share, reflecting the tailwind of rising interest rates in 2018. The full-year return on tangible equity ...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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