Huntington Bancshares downgraded at RayJay

|About: Huntington Bancshares In... (HBAN)|By:, SA News Editor

It's shaping up to be a 2nd day of losses post-earnings for Huntington Bancshares (HBAN -2%) with Raymond James removing the stock from its Strong Buy list.

NIM fell 15 bps in Q1 even as funding costs dipped 7 bps, and management expects continued pressure. EVP David Anderson on the earnings call (transcript): "The larger pressure remains the competitive environment and fixed-rate loans renewing at current market yields."

Earnings presentation slides

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