For well-nigh 20 years now, the Motley Fool has been here to help you invest better and smarter, using spot-on analysis and a razor-sharp wit. To celebrate Worldwide Invest Better Day on September 25, we are taking some time to get back to the basics -- of investing, that is. In that spirit, I have rounded up some sweet financial sector stocks that have been showing some real sparkle and promise lately.
Without further ado, let me introduce you to the focus of this particular article: Ambitious Midwest regional, Huntington Bancshares
A strong, sturdy Midwestern bank
Huntington Bancshares, headquartered in Columbus, Ohio, has a market cap of nearly $6 billion and a network of over 650 branches that reaches into Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. This network surely helped earlier this year when Huntington stepped in to take on the $818 million in assets and nearly $748 million in deposits of failed Fidelity Bank of Dearborn. Huntington has been upfront about wanting to expand in Michigan, and last month was mentioned as a possible buyer for Citizens Republic Bancorp
Very recently, Huntington was in analysts' sights, with different results. The bank's shares dropped after a downgrade by Bernstein Research, in which the analysis claimed that Huntington, BB&T
A bank to watch
Huntington is in expansion mode and seems to managing its growth quite well. The bank hasn't been able to reach the lofty dividend rates of 2008, but recently announced a $0.04 per share dividend, which is an improvement over the past three years. As the economy revs up, Huntington can only improve its outlook -- despite interest rate pressures that affect the entire sector.
I'll be covering other great stocks over the next couple of weeks, as will my fellow Fools. Check out our special website set up especially for this investing extravaganza at InvestBetterDay.com. There will be lots of great articles posted there through September 25, all with a particularly informative take on various facets of investing. We'd love to have you on board, too -- so click through to the site and prepare to be informed and amused by the never-dull world of investing!
Fool contributor Amanda Alix owns no shares in the companies mentioned above.
The Motley Fool owns shares of Huntington Bancshares and JPMorgan Chase. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.