GO
Loading...

Huntington Bancshares' CEO on Dividend Hike, M&A

Call it the comeback bank of 2010.

Shares of Ohio-based Huntington Bancshares jumped 89 percent, making it one of the best-performing financial stocks of the year.

But can this regional bank continue to outperform in 2011? CEO Stephen Steinour thinks so.

On Monday's "Fast Money Halftime Report," Steinour said the financial institution's first order of business in the new year is to grow its core businesses. Concurrently, it will look at possibly growing its dividend and would consider an acquisition in its region, should it make sense for the bank.



















After the TV interview Steinour talked with us further. Check out what he told us in a web exclusive conversation. Watch the video now!



______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On Jan. 3, 2011, following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian owns (BP), is short (BP) calls. Jon Najarian owns (GM), is short (GM) calls. Jon Najarian owns (AAPL), is short (AAPL) calls. Jon Najarian owns (AA), is short (AA) calls. Jon Najarian owns (NVDA), is short (NVDA) calls. Jon Najarian owns (DRYS), is short (DRYS) calls. Jon Najarian owns (V), is short (V) calls. Jon Najarian owns (MA), is short (MA) calls. Jon Najarian owns (CSCO), is short (CSCO) calls. Jon Najarian owns (WMT), is short (WMT) calls. Jon Najarian owns (GS), is short (GS) calls. Jon Najarian owns (BAC), is short (BAC) calls. Jon Najarian owns (C), is short (C) calls. Cortes owns (TSN) and (EXC). Cortes is short (XRT) vs. S&P. Cortes is short (XHB) vs. S&P. Cortes is short (LVS). Cortes is short (BCS). Cortes is short Gold. Cortes is short Corn. Cortes is long USD vs. JPY. Steve Grasso owns (ASTM), (BA), (BAC), (BWC), (C), (CSCO), (JPM), (LIT), (LPX), (MOT), (MHY), (NDAQ), (PFE), (PRST), (S) and (X).

BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (FCX)
Accounts Managed By Kanundrum Capital Own (JPM)
Accounts Managed By Kanundrum Capital Own (MS)
Accounts Managed By Kanundrum Capital Own (BBT)
Accounts Managed By Kanundrum Capital Own (DE)
Accounts Managed By Kanundrum Capital Own (ANDE)
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Own (GDX)
Accounts Managed By Kanundrum Capital Own (GDXJ)
Accounts Managed By Kanundrum Capital Own (DRYS) calls
Accounts Managed By Kanundrum Capital Own (TBT)
Accounts Managed By Kanundrum Capital Own (QCOM)
Accounts Managed By Kanundrum Capital Own (WFC)
Accounts Managed By Kanundrum Capital Own (XLE)
Accounts Managed By Kanundrum Capital Own (OIH)
Accounts Managed By Kanundrum Capital Own USD
Accounts Managed By Kanundrum Capital Are Short The Euro

STEVE GRASSO
Stuart Frankel & Co and its partners own (AAPL)
Stuart Frankel & Co and its partners own (AMGN)
Stuart Frankel & Co and its partners own (BP)
Stuart Frankel & Co and its partners own (CUBA)
Stuart Frankel & Co and its partners own (GE)
Stuart Frankel & Co and its partners own (GERN)
Stuart Frankel & Co and its partners own (HPQ)
Stuart Frankel & Co and its partners own (HSPO)
Stuart Frankel & Co and its partners own (NWS.A)
Stuart Frankel & Co and its partners own (NYX)
Stuart Frankel & Co and its partners own (OPEN)
Stuart Frankel & Co and its partners own (PDE)
Stuart Frankel & Co and its partners own (PFE)
Stuart Frankel & Co and its partners own (PRST)
Stuart Frankel & Co and its partners own (RDC)
Stuart Frankel & Co and its partners own (TLM)
Stuart Frankel & Co and its partners own (XRX)
Stuart Frankel & Co and its partners own (SDS)
Stuart Frankel & Co and its partners own (UNM)
Stuart Frankel & Co and its partners are short (QQQQ)
Stuart Frankel & Co and its partners are short (AAPL)

ABHEY LAMBA
Lamba has no disclosures

RICH GREENFIELD
Greenfield has no disclosures

CNBC.com with wires

Symbol
Price
 
Change
%Change
HBAN
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET

Halftime Report