HBAN was the only bank that I am aware of that announced a stress test of their own doing. During Q2 HBAN execs reviewed ALL commercial loans, real estate or otherwise, that have an o/s balance above $500k. At the end of the day they decided to increase reserves...at a much higher rate than current chargeoff experience. Again, conservatism. Analysts will appreciate the transparency and act accordingly.
Not going to get caught up in the pps over the next day or three or thirty...but, I have confidence that a pot of gold awaits. BTW - I will buy as much as I can under $3.50.