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2011: A Turnaround Year for Huntington Bancshares

http://www.fool.com/investing/general/2011/12/23/2011-a-turnaround-year-for-huntington-bancshares.aspx

Ilan Moscovitz
December 23, 2011

As 2011 draws to a close, it's crucial for us to take a peek at our investments to see what's working and what's not.

That's what we aim to do today, as we consider the year that was at Huntington Bancshares (Nasdaq: HBAN  ) .

A few Foolish facts about Huntington

Year-to-Date Stock Return (23%)
P/E 11.0
Dividend Yield 3%
1-Year Revenue Growth 115%
1-Year Earnings-Per-Share Growth N/A*
CAPS Rating (out of 5) ***

Data from Morningstar, S&P Capital IQ, and Motley Fool CAPS.
*Earnings during the comparable period were negative.

What happened at Huntington this year?
Huntington's stock has been getting whipsawed over recent years, falling from $25 at the end of 2006 to just $1 in the depths of the 2009 financial crisis, before jumping 90% in 2010 and slipping once more last year.

Though the financial sector has emerged from the abyss of crisis, the economic crisis hasn't been especially kind to banks. Lending opportunities have dried up, while tightened regulation on the heels of the financial system's collapse have crimp