This High-Yield Dividend Stock Is Getting Stronger and Stronger. Is It a Buy?
Last year, we witnessed the most significant bank failures since 2008 when the federal government seized Silicon Valley Bank (a subsidiary of SVB Financial) and First Republic Bank amid bank runs that triggered concern about possible contagion risk.
One bank caught up in the industry's volatility is Huntington Bancshares (NASDAQ: HBAN). Last August, Moody's downgraded several regional banks while putting others on watch for a negative outlook, and Huntington was one of them.
The bank has maintained a strong balance sheet, and recent moves by management should help bolster its financial position further. Its moves help improve important capital ratios and are a positive sign for investors drawn to the bank stock because of its 4.8% dividend yield. Here's what you need to know about the bank's recent moves.
Source Fool.com
