Source Pravda.Ru

Huntington Bancshares to issue convertible preferred shares

Huntington Bancshares Inc. on Tuesday reported an increase in first-quarter earnings, revised profit expectations for 2008, and a plan to issue convertible preferred shares.

The bank said first-quarter earnings were $127.1 million, or 35 cents a share, up from $95.7 million, or 40 cents a share, in the same quarter in 2007.

Huntington also said it has started to offer at least $500 million of convertible preferred shares. Proceeds will be used to increase Huntington's capital, among other uses.

Huntington Bancshares Inc. is a $53 billion Midwestern bank holding company headquartered in Columbus, Ohio. It is the 24th largest American bank.

Comments
Iran's next moves on nuclear deal much more important - Kremlin
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
Iran's next moves on nuclear deal much more important - Kremlin
Venezuela may expect another Panama scenario from 1989
Venezuela may expect another Panama scenario from 1989
World's most beautiful man lives in Ukraine
Why Putin should say nothing when USA and Germany fight over Russian natural gas
Iran's next moves on nuclear deal much more important - Kremlin
Iran's next moves on nuclear deal much more important - Kremlin
Why Putin should say nothing when USA and Germany fight over Russian natural gas
Why Putin should say nothing when USA and Germany fight over Russian natural gas
Iran's next moves on nuclear deal much more important - Kremlin
Iran's next moves on nuclear deal much more important - Kremlin
Putin must sue UK because of Skripal case lies
Why Putin should say nothing when USA and Germany fight over Russian natural gas
Foreign Ministry official explains why Russia had to sell Alaska to US
Foreign Ministry official explains why Russia had to sell Alaska to US