Wells Fargo cuts target for Huntington Bancshares stock from USD 23.00 to USD 21.00
Published on 10/05/2026 at 12:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Huntington Bancshares (ISIN US4461501045) was trading at EUR 13.65 at Lang & Schwarz on October 5, 2026 at 12:31 p.m. CEST, up 0.44 percent from the prior close of EUR 13.59. Wells Fargo cut its price target from USD 23.00 to USD 21.00 on September 16, 2026, according to MarketScreener.
Lower target meets stronger earnings
The target reduction followed Huntington's September 2026 outlook update, which reset the earnings backdrop for the regional bank. According to Investing.com on September 16, 2026, management projected 2027 earnings per share of USD 1.75 to USD 1.83, down from a previous outlook above USD 1.90. The same update placed 2027 loan growth at 6 percent to 8 percent.
The contrast is important: the bank is still expanding its operating base, while funding costs and loan pricing are weighing on forward profitability. That tension makes the October earnings release a key test of whether second-quarter growth is translating into durable earnings power.
Second-quarter figures show scale
Huntington reported USD 727.0 million in net income for the second quarter of 2026, or USD 0.33 per common share, according to its Huntington release dated July 23, 2026. Net income rose 39 percent from the prior quarter and 36 percent from the year-ago quarter.
Net interest income increased 40 percent year over year to USD 2.05 billion in the second quarter, while noninterest income rose 67 percent year over year to USD 785.0 million. Average total loans and leases grew 42 percent year over year to USD 189.3 billion, and average deposits increased 37 percent to USD 222.0 billion.
October results set the next test
Huntington will release third-quarter 2026 financial results before the market opens on October 22, 2026, according to its investor-relations release dated September 30, 2026. Management is scheduled to discuss the results at 9:00 a.m. ET, giving investors a defined checkpoint for loan growth, deposit pricing and net interest income.
On Nasdaq, HBAN was last quoted at USD 15.33 at 4:00 p.m. ET on October 2, 2026. The primary-listing quote showed a 52-week range of USD 14.82 to USD 19.46 and a market capitalization of USD 31.0 billion as of that date.
Stock holds near the yearly low
Huntington Bancshares was trading at EUR 13.65 at Lang & Schwarz on October 5, 2026 at 12:31 p.m. CEST, plus 0.44 percent versus the Lang & Schwarz prior close of EUR 13.59. The further course of trading is shown by the continuously updated real-time quote of Huntington Bancshares stock.
Huntington Bancshares stock facts
- Company: Huntington Bancshares Incorporated
- ISIN: US4461501045
- Ticker: HBAN
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 5, 2026, 12:31 p.m. CEST: EUR 13.65
- Change versus prior close: plus 0.44 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 13.59
- Market capitalization: USD 31.0 billion as of October 2, 2026
- 52-week range: USD 14.82-19.46 as of October 2, 2026
- Sector / Industry: Financial Services / Banks - Regional
- Next earnings date: October 22, 2026
