TD Cowen starts coverage with USD 18.00 target for Huntington Bancshares stock
Published on 10/17/2026 at 21:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and upcoming results
- TD Cowen began coverage with a USD 18.00 target on October 8, 2026.
- Second-quarter net income reached USD 727.0 million, up 35.6 percent year over year.
- Huntington Bancshares stock stood at USD 15.27 on October 16, 2026, down 0.52 percent versus USD 15.35.
- Huntington Bancshares is scheduled to report third-quarter results on October 22, 2026.
TD Cowen began coverage of Huntington Bancshares with a Buy rating and a USD 18.00 price target on October 8, 2026, according to MarketBeat. The target is 17.88 percent above the USD 15.27 Nasdaq price last recorded on October 16, 2026 at 4:00 p.m. ET.
Profit growth meets a tougher test
Huntington Bancshares reported USD 727.0 million in net income for the second quarter of 2026, up 35.6 percent from USD 536.0 million a year earlier. Revenue reached USD 2.8 billion, a 46.4 percent increase, while diluted earnings per share fell to USD 0.33 from USD 0.34.
The comparison carries an important qualification. Financial Report Insights said acquisition-related costs reached USD 152.0 million in the second quarter, while the share count rose 38.0 percent. Profit increased, but the per-share result declined.
Price position and trading range
Huntington Bancshares last stood at USD 15.27 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, down 0.52 percent from USD 15.35. The price was USD 0.45 above the 52-week low of USD 14.82 and USD 8.17 below the 52-week high of USD 23.44, placing the stock 34.86 percent below its high.
The latest finance figures put market capitalization at USD 30.9 billion and the price-to-earnings ratio at 11.40 as of October 16, 2026. The next reporting date is October 22, 2026, when Huntington Bancshares is scheduled to release third-quarter results before the market opens, according to Huntington Bancshares.
Comparison with peers
Huntington Bancshares: minus 0.52 percent, P/E 11.40, market capitalization USD 30.9 billion
KeyCorp (NYSE, USD): plus 0.25 percent, P/E 11.62, market capitalization USD 21.6 billion
Fifth Third Bancorp (Nasdaq, USD): plus 0.04 percent, P/E 17.19, market capitalization USD 45.7 billion
What the next report may clarify
The October 22 results will provide the next dated test of whether acquisition-led scale is translating into stronger earnings per share. The second-quarter figures show the tension clearly: revenue expanded 46.4 percent, but diluted earnings per share declined 2.9 percent year over year.
Huntington Bancshares market facts
- Company: Huntington Bancshares Incorporated
- ISIN: US4461501045
- Ticker: HBAN
- Primary exchange: Nasdaq
- Price Nasdaq (as of October 16, 2026, 4:00 p.m. ET): USD 15.27
- Change versus Nasdaq prior close: minus 0.52 percent
- Market capitalization: USD 30.9 billion (as of October 16, 2026)
- 52-week range: USD 14.82-23.44 (as of October 16, 2026)
- Sector / Industry: Financial Services / Regional Banks
- Next earnings date: October 22, 2026
Market context: Market report Nasdaq Composite.
