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Fly News Breaks for October 16, 2015
WBS
Oct 16, 2015 | 07:13 EDT
Wells Fargo believes that investors' negative reaction to declines in Webster's HSA deposits was overdone. Wells sees the decline as typical seasonality,. and it thinks the company's lending momentum is increasing. Wells keeps an Outperform rating on the shares.
News For WBS From the Last 2 Days
WBS
Apr 23, 2024 | 08:14 EDT
Webster Financial's 2024 full year outlook includes full year loan growth of about 5%, deposit growth of 5%-7%, full year net interest income of about $2.4B on a GAAP basis, excluding about $65M of FTE adjustments, assuming two Fed funds rate cuts beginning in September. Webster expects full year adjusted expenses to be in the range of $1.30B-$1.325B with an efficiency ratio in the low to mid 40% range, the company stated in Q1 earnings presentation slides.
