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Huntington Bancshares Flags Legal and Regulatory Risks That Could Hit Earnings Despite Limited Balance Sheet Threat
Huntington Bancshares (HBAN) has disclosed a new risk, in the Regulation category.
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Huntington Bancshares appears to face non-trivial legal and regulatory contingencies, which management currently assesses as unlikely to materially impair its consolidated financial position. Nonetheless, the inherent uncertainty of pending matters, coupled with potentially large or indeterminate damages, means an unfavorable ruling in even a single case could materially affect earnings in a given reporting period.
The average HBAN stock price target is $19.93, implying 19.84% upside potential.
To learn more about Huntington Bancshares’ risk factors, click here.
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