Huntington Bancshares cuts annual net interest income growth outlook
HBAN•HBAN•HBAN•HBAN•Investors are also awaiting the Federal Reserve's interest-rate decision at 2 p.m. ET, with traders pricing in a nearly 93% chance of a rate hike, according to the CME FedWatch Tool.
Fourteen of 20 analysts rate the stock "strong buy" or "buy" and six "hold"; their median price target is $21, according to data compiled by LSEG.
As of the last close, the stock was down 3.5% year to date.
Shares of lender Huntington Bancshares HBAN.O were marginally down in premarket trading.
HBAN disclosed updated financial targets ahead of its participation in the Barclays Global Financial Services Conference.
The bank cut its FY26 net interest income (NII) growth outlook to about 35%, from 39%-43%, based on an FY25 NII baseline of $6.06 billion.
It said higher-for-longer rates and competitive dynamics are pressuring deposit costs.
Huntington also cut its FY26 implied revenue growth forecast to about 34% from about 37%, based on an FY25 revenue baseline of $8.28 billion.
