Huntington Bancshares Inc (NAS:HBAN)

$ 14.21 0.035 (0.25%) Market Cap: 20.59 Bil Enterprise Value: 25.58 Bil PE Ratio: 12.80 PB Ratio: 1.22 GF Score: 82/100

Huntington Bancshares Inc at Bank of America Merrill Lynch Future of Financials Virtual Conference Transcript

Nov 09, 2020 / 01:50PM GMT

Release Date Price: $11.95 (+17.73%)

Transcript

Stephen D. Steinour

Huntington Bancshares Incorporated - Chairman, President & CEO

Good morning. This is Steve Steinour. We're having some technical issues in the BofA conference. Erika is expected to join but is not available. We're about 10 minutes late now for today. So thank you for joining us online. Pleased to be with you, along with our team.

I'm going to start, and then, Erika, as I said, will join us, we hope, at some point. If not, there are a number of questions that have been presubmitted, and Mark Muth will ask them.

Now as we stated on the recent earnings call, we're optimistic on the economic outlook as a healthy recovery in our footprint economies is underway, the manufacturing sector providing leadership. Over 2.6 million jobs were created in our footprint states between April and September. Payrolls grew 11 -- over 11% compared to 8.8% for the nation during the same period. The Midwest accounted for 50% of the total new manufacturing jobs in the nation between April and September. So this V-shaped recovery in manufacturing is expected to provide a continued boost

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