Huntington Bank Faces Investor Caution Amid Acquisition

3 months ago

Paul Sweeney

"Uh what else have we got here? Huntington Bankorp. Now again, full disclosure, Huntington Bank, it is the bank of the Matthew Miller family. Just letting you laying it out there. It\"s a whole Columbus, Ohio thing. Well, the bank of the Matthew Miller family not doing well this morning. Uh so ticker HBA and Doshar\"s down 2.6%. So, okay. So, investors are reacting to a deal that they announced. So, they\"re saying that they\"re going to buy Cadence Bank, which is another regional bank for a $7.4 billion deal."

Huntington Bank (HBA) shares are down 2.6% as investors react cautiously to the bank\"s second major acquisition this year, a $7.4 billion deal to buy Cadence Bank, amid concerns over the strategic fit and premium pricing.

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