Huntington Bancshares Incorporated (HBAN) in Columbus, Ohio, is a diversified regional bank holding company with approximately $175 billion in assets. It operates through 1,100 branches spread across 12 states. However, the company has an ISS Governance QualityScore of 7, indicating relatively high governance risk.
Shares of HBAN have gained 10.9% in price over the past six months and marginally year-to-date. Thanks to Fed's hawkish monetary policy statements of late, the stock has been outperforming the broader market so far this year. Due to the potential of increased benchmark interest rates, investors are betting HBAN’s profit margins will improve in the coming quarters.
