DALLAS, Sept. 22, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring financial company Huntington Bancshares Inc. (Nasdaq:HBAN). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Huntington Bancshares Inc. (Nasdaq:HBAN) should be of particular interest to other financial companies: Fifth Third Bancorp. (Nasdaq:FITB), JPMorgan Chase & Co. (NYSE:JPM) and KeyCorp (NYSE:KEY).
It is available at: http://www.beaconequity.com/i/HBAN
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Huntington Bancshares Inc. (HBAN) provides full-service consumer and commercial banking, mortgage banking, auto financing, equipment leasing, investment management, trust services, brokerage services, customized insurance service programs, and other services to customers in Ohio, Michigan, Pennsylvania, Indiana, West Virginia and Kentucky.
In the report, the analyst notes:
"Topping the list of the reasons for the Company's poor performance includes under-performing assets losses from its portfolio of third-tier assets. The full extent of the Company's losses following the steep declines in residential and commercial real estate values throughout the states in which the Company does business remains unclear. The Company's exposure to collateralized mortgage obligations (CMOs) and collateralized debt obligations (CDOs) is not significant to impact the Company in a material way. Estimates of losses under the FASB 157 rule total less than $20 million, not a significant amount when compared with the Company's total assets.
"The Company's free cash flow and profitability remains questionable due to further increases in expected defaults from increases in unemployment, deteriorating real estate values, and higher deposit insurance premiums expected to be levied from the Federal Deposit Insurance Corporation (FDIC)."
To read the entire report visit: http://www.beaconequity.com/i/HBAN
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