Thursday, April 19, 2007

UPDATE 1-Huntington Bancshares 1st-qtr profit falls

(Reuters) - Huntington, which has branches in struggling Detroit-area and northern Ohio markets, warned it expects weakness in housing and in the auto industry to continue weighing on the economy this year. It also expressed confidence it would continue to boost earnings.

The bank expects to earn $1.84 to $1.89 a share this year, excluding merger-related charges and any profit boost from its pending takeover of Sky Financial Group. On that basis, analysts polled by Reuters expect Huntington to earn $1.83 a share.


Read more at Reuters.com Government Filings News

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