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Fed-Approved Capital Returns 'Below Expectations' Overall , Compass Point Says; Huntington Bancshares (HBAN) Plan Above

March 27, 2014 6:37 AM EDT Send to a Friend
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Price: $9.84 +0.31%

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    8 Buy, 19 Hold, 0 Sell

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    Up: 3 | Down: 4 | New: 7
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Commenting on last night's 2014 CCAR results, Compass Point analyst Kevin Barker said overall, the amount of capital return approved by the Fed came was below their expectations. "In our opinion, this indicates the Fed will continue to be conservative with capital returns and we would expect banks to continue building capital for the foreseeable future," Barker said.

On individual names in the coverage, Barker said Huntington Bancshares (NASDAQ: HBAN) was above expectations; BB&T (NYSE: BBT), Comerica (NYSE: CMA), Fifth Third (NASDAQ: FITB), KeyBank (NYSE: KEY), PNC (NYSE: PNC), US Bancorp (NYSE: USB), Wells Fargo (NYSE: WFC) were in-line with expectations, and; Regions Financial (NYSE: RF), SunTrust (NYSE: STI) and Zion (NASDAQ: ZION) were below expectations.

Neutral price target of $10.00

For an analyst ratings summary and ratings history on Huntington Bancshares click here. For more ratings news on Huntington Bancshares click here.

Shares of Huntington Bancshares closed at $9.88 yesterday.




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