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Why Huntington Bancshares' Stock Rose Today

TheMotleyFool

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Why Huntington Bancshares' Stock Rose Today: https://g.foolcdn.com/editorial/images/705782/generic-upward-11.jpg

Shares of Huntington Bancshares (NASDAQ: HBAN) gained nearly 9.5% today after the large regional bank reported third-quarter earnings results.

Huntington reported earnings per common share of $0.39 on total revenue of $1.91 billion. Both figures beat analysts' estimates for the quarter.

Net interest income (NII), the profit banks make on loans and securities after covering the cost to fund those assets, rose 11% from the previous quarter as the bank benefited from the higher interest rate environment.

Source Fool.com

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