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Fly News Breaks for January 9, 2018
WBS
Jan 9, 2018 | 08:07 EDT
Wells Fargo analyst Jared Shaw raised his price target for Webster Financial to $60 from $55 to reflect tax reform. The analyst reiterates a Market Perform 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.
