After-Hours Movers 6/19: Huntington Banc (HBAN) Higher After Update on Credit Exposure; Continental (CAL) Sees Profit Taking

June 19, 2008 6:01 PM EDT

StreetInsider.com After-Hours Movers:

Huntington Bancshares Incorporated (Nasdaq: HBAN) 14% HIGHER; sees Q2 net charge-offs of an annualized 0.60%-0.65% of average total loans and leases. For FY08, net charge-offs would be near the high end of the previously targeted range of 0.60%-0.65% of average total loans and leases. Huntington also said that it expects Q2 provision for credit losses to exceed net charge-offs by about $55-$65 million, compared to $40.2 million in Q1. The provisions reflect continued economic weakness in many of its markets.

Continental Airlines, Inc. (NYSE: CAL) 4.5% LOWER; Gives back some of today's 16% gains following alliance with United Airlines.

UAL Corporation (Nasdaq: UAUA) 2.5% LOWER; Gives back some of today's 24% gains following alliance with Continental

Fifth Third Bancorp (Nasdaq: FITB) 2% HIGHER; Continues to bounce of multi-year low levels. The stock was up 5.3% today, but down 61% YTD.

Taylor Capital (Nasdaq: TAYD) 2% LOWER; Won't Declare Q2 Dividend.


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CAL 13.50

+0.65 +5.06%
Volume: 5,876,713
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FITB 9.73

+0.31 +3.29%
Volume: 14,444,324
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HBAN 3.86

+0.06 +1.58%
Volume: 10,791,527
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TAYD 4.71

+0.11 +2.39%
Volume: 600
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UAUA 7.30

+0.60 +8.96%
Volume: 12,165,900
Track UAUA


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