Stocks to Watch ? Huntington Bancshares Inc. (Public, NASDAQ: HBAN)
Huntington Bancshares Incorporated is a bank holding company that provides full-service commercial, automobile financing, equipment leasing, customized insurance programs, consumer and mortgage banking services, trust and brokerage services as well as other financial products and services. Its only subsidiary Huntington National Bank had 611 branches in 2010. These branches are comprised of the following:
- 344 branches in Ohio
- 119 branches in Michigan
- 57 branches in Pennsylvania
- 50 branches in Indiana
- 28 branches in West Virginia
- 13 branches in Kentucky.
Services conducted can be selective in other states. The Company operates in the following four segments.
Retail and Business Banking
This segment offers financial products and services to consumer and small business customers located in Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The products are individual and small business checking accounts, savings accounts, money market accounts, certificates of deposit, consumer loans, and small business loans and leases. Others include investments, insurance services, interest rate risk protection products, foreign exchange hedging, and treasury management services.
Commercial Banking
The commercial banking segment offers products and services to the middle market and large corporate clients in its core banking markets. These are delivered through a relationship banking model and include commercial lending, as well as depository and liquidity management products. The Bank and its collaborative primary bankers deliver customized treasury management solutions equipment and technology leasing, international services, capital markets services.
Automobile Finance and Commercial Real Estate
This segment offers lending and other services to customers outside of the Company?s retail and commercial channels. The products and services include financing for the purchase of automobiles by customers of automotive dealerships; financing for land, buildings and commercial real estate owned or constructed, automobile dealerships, or other customers with real estate project financing needs.
Wealth Advisors, Government Finance, and Home Lending
Huntington?s wealth advisors, Government finance and home lending segment consists primarily of fee-based businesses, including home lending, wealth management and Government finance. It provides these products through the following:
- Sales team, former private bankers, trust officers and investment advisors
- ?Huntington Asset Advisors, providing investment management services
- Huntington Asset Services, offering administrative and operational support to fund complexes
The Company?s treasury/other function include its insurance brokerage business, which specializes in commercial property/casualty, employee benefits, personal lines, life and disability and specialty lines. And lastly, Huntington Bancshares Inc. currently, as last reported at the end of December 2011, is the third most expensive stock in the world.
Huntington Bancshares Inc. (Public, NASDAQ: HBAN) 52 week 4.46 ? 7.70 Mkt cap 4.93B Shares 864.41M
Tags: HBAN, HBAN quote, HBAN stock, HBAN stock quote, Huntington Bancshares, Huntington Bancshares Inc., Huntington Bancshares Incorporated, Stocks to watchSource: http://www.buypennystocks.com/penny-stocks-blog/stocks-to-watch-huntington-bancshares-inc-hban
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