Jim Cramer Says He Likes "The Action in Huntington Bancshares"

Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the stocks Jim Cramer shed light on. During the episode, Cramer made positive comments, as he said:

“I like the action in Huntington Bancshares. It feels like a return to the old days when this was a market leader every time the spotlight turned to the regionals.”

Huntington Bancshares (NASDAQ:HBAN) provides banking and financial services, including consumer and business lending, deposits, payments, and wealth management. Additionally, the firm offers digital tools, investment services, equipment financing, and capital markets solutions. On July 14, Cramer discussed the company’s recent acquisition. He commented:

“This morning, we had a real bank merger, one of my favorites, Huntington Bancshares, the Ohio-based regional bank, announced that it’s buying the Texas-based regional bank Veritex in an all-stock deal that values the target just under $2 billion. Now, in the grand scheme of things, and this is a small transaction, I didn’t even know Veritex, but it helps Huntington grow in Texas, a market where it was already expanding aggressively.

Plus, the company also pre-announced most of the key lines of its second quarter earnings report… Look, numbers look pretty darn good. When you back out some one-time items, Huntington posted solid earnings with better-than-expected net interest income and fine-looking credit quality metrics.”

While we acknowledge the potential of HBAN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.