Core Insights - The article compiles significant research calls from Wall Street that are influencing market movements [1] Upgrades Summary - Argus upgraded Warner Bros. Discovery (WBD) to Buy from Hold with a price target of $27, citing potential bidding wars that could increase offers [2] - H.C. Wainwright upgraded Core Scientific (CORZ) to Buy from Neutral with a price target of $25, anticipating that the proposed takeover by CoreWeave (CRWV) will not pass the shareholder vote [2] - UBS upgraded Upwork (UPWK) to Buy from Neutral with an unchanged price target of $21, expecting a return to positive services volume growth in the next two quarters due to improved web traffic and a shift towards higher-value services [2] - RBC Capital upgraded Cadence Bank (CADE) to Outperform from Sector Perform with a new price target of $47, increased from $43, aligning with Huntington (HBAN) following their merger announcement [2] - BofA upgraded RB Global (RBA) to Buy from Neutral with a price target of $120, believing the risk-reward profile has become more favorable after a recent share price pullback [2]

Oct 28, 2025 6:20 AM Eastern Daylight TimeCADE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Cadence Bank Is Fair to ShareholdersShareShareholders should contact the firm immediately as there may be limited time to enforce your rights.NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Cadence Bank (NYSE: CADE) to Huntington Bancshares Incorporated is fair to Cadence shareholders. Under the terms of the proposed transaction, Hun ...

Core Viewpoint - Huntington Bancshares is acquiring Cadence Bank for $7.4 billion in an all-stock deal, marking a significant move in the regional banking sector [1][4][6] Group 1: Acquisition Details - The acquisition will provide Cadence investors with 2.475 shares of Huntington stock for each share they own, valuing Cadence shares at $39.77, which is a 9% premium over its previous closing price [3] - The deal is expected to close in the first quarter of 2026 [3] Group 2: Strategic Significance - This acquisition will enhance Huntington's presence in key markets, particularly in Texas, Mississippi, Alabama, and Arkansas, making it the largest bank in Mississippi and a top 10 bank in Alabama and Arkansas by deposits [4][5] - Following the merger, Huntington will operate in 21 states and cover 12 of the top 25 metropolitan statistical areas in the U.S., indicating a substantial expansion of its market footprint [5] Group 3: Market Reaction - Following the announcement, shares of Cadence Bank rose approximately 3%, while Huntington's shares fell by 4% [1][6] - Year-to-date, Cadence Bank shares have increased by 10%, whereas Huntington Bancshares shares have decreased by 4% [6]

Core Insights - The company recently announced a partnership with Cadence, marking a significant milestone aimed at accelerating growth and value creation [2]. Group 1: Earnings and Integration - The company reported strong earnings results for the third quarter [2]. - The integration process following the Veritex combination is progressing smoothly, with effective collaboration between teams [2].

Core Insights - Huntington Bank is targeting approximately $365 million in pre-tax cost synergies from its integration with Cadence Bank, aiming for a 30% reduction in non-interest expenses by 2027 [2][3] - The integration process is described as well-mapped and highly confident, with no branch closures planned, indicating a transformational opportunity for the combined entity [3][4] - The acquisition of Cadence, alongside the recent acquisition of Veritex, positions Huntington Bank strongly in Texas, where it aims to capture significant market share [5][8] Company Strategy - The integration of Cadence and Veritex is expected to enhance Huntington Bank's footprint in Texas, specifically in Dallas and Houston, where it will rank fifth in market share [8][9] - The company is focused on organic growth, having achieved record growth in the third quarter and maintaining optimism for continued growth into the next year [7][9] - Huntington Bank is already the number one SBA lender in Texas, with $5 billion in loans, and aims to leverage this position for further economic growth [13][14] Industry Outlook - The current administration is seen as constructive for business generation, suggesting a potential increase in mergers and acquisitions within the banking industry, though not expected to lead to a flood of activity [10][11] - The appeal of expanding in Texas is attributed to significant population migration and economic growth, positioning Huntington Bank favorably in a rapidly growing market [12][13]

Accessibility StatementSkip Navigation MILWAUKEE, Oct. 27, 2025 /PRNewswire/ -- The Ademi Firm is investigating Cadence (NYSE: CADE) for possible breaches of fiduciary duty and other violations of law in its transaction with Huntington Bancshares. Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Cadence shareholders will receive 2.475 shares of common ...

Core Insights - Huntington Bancshares is acquiring Cadence Bank for $7.4 billion, marking a significant move in the banking sector as consolidation becomes more viable for banks under pressure [1][2] - The acquisition will increase Huntington's assets to approximately $276 billion and enhance its status among "super-regional" banks, facilitating its expansion into southern markets where Cadence operates [2][3] Industry Context - The banking sector is experiencing a wave of regional and community bank consolidations, driven by the need to compete with larger institutions like JPMorgan Chase and Bank of America [3][4] - The regulatory environment is perceived as favorable for such consolidations, with recent multibillion-dollar deals indicating a trend towards increased mergers and acquisitions in the banking industry [3][4] Recent Transactions - Other notable recent deals include Fifth Third Bancorp's acquisition of Comerica for $10.9 billion and PNC's $4.1 billion acquisition of FirstBank [4] - Additionally, FNBO's acquisition of Country Club Bank was completed recently, further illustrating the trend of consolidation among banks [5] Regulatory Environment - The Federal Deposit Insurance Corporation (FDIC) is facing a shortage of bank examiners, which could impact the regulatory landscape and the pace of bank consolidations [5][6] - The FDIC's Office of Inspector General has acknowledged the potential effects of a hiring freeze and restructuring on oversight capabilities, which may influence the timing and execution of future bank mergers [6][7]

Core Points - Huntington Bank (HBAN.US) has agreed to acquire Cadence Bank (CADE.US) for $7.4 billion, marking its second significant acquisition this year aimed at expanding its operations in the southern and southeastern states [1][2] - The acquisition will increase Huntington Bank's footprint to 21 states, adding over 390 Cadence Bank branches and elevating its market share in rapidly growing metropolitan areas like Dallas and Houston to fifth place, while ranking first in Mississippi [1][3] - The deal is part of a broader trend among regional banks in the U.S. as regulatory barriers to consolidation have eased, with other recent significant transactions including Fifth Third Bank's $10.9 billion acquisition of Comerica and PNC Financial Services' $4.1 billion acquisition of First Bank Holding Company [1] Financial Details - Huntington Bank will pay $39.77 per share for Cadence Bank, representing a 9% premium over Cadence's closing price on October 25 [2] - The transaction is expected to dilute Huntington Bank's tangible book value per share by 7% [2] - Following the acquisition, Huntington Bank's total assets will increase to $276 billion, surpassing a critical regulatory threshold that imposes stricter capital, liquidity, and compliance requirements [2] Strategic Expansion - The acquisition will accelerate Huntington Bank's expansion in southeastern states, including Georgia, Tennessee, and Florida, with the combined entity expected to operate approximately 1,450 branches across 21 states, reaching 56% of the U.S. population [3] - The transaction is anticipated to close in the first quarter of 2026, pending regulatory and shareholder approvals [3] - During due diligence, Huntington Bank reviewed over 80% of Cadence Bank's loan portfolio, assessing credit quality and risk policies [3] - Cadence Bank's team and branches will operate under the Huntington Bank brand, with Cadence's CEO joining Huntington's board as a non-executive vice chairman [3]

NEW YORK, Oct. 27, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Cadence Bank (NYSE: CADE) to Huntington Bancshares Incorporated is fair to Cadence shareholders. Under the terms of the proposed transaction, Huntington will issue 2.475 shares of common stock for each outstanding share of Cadence common stock. Halper Sadeh encourages Cadence shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Za ...

Group 1 - Huntington Bancshares announced a definitive agreement to acquire Cadence Bank for $7.4 million, marking a significant move in the regional bank consolidation trend [1] - The acquisition highlights Huntington Bancshares' strategy to expand its footprint in the banking sector, particularly in the southeastern United States where Cadence Bank operates [1] - The deal is part of a broader trend of regional banks consolidating to enhance their competitive positioning and operational efficiencies [1] Group 2 - Huntington Bancshares has shown improved relative strength in its stock performance, earning an upgrade to its IBD Relative Strength Rating [3] - Despite the upgrade, Huntington Bancshares is still below key performance benchmarks, indicating potential for further growth [3] - The company is recognized for its rising relative price performance, suggesting positive market sentiment and investor interest [3]