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WBS

Webster Financial

$48.71

0.73 (1.52%)

07:33
09/19/17
09/19
07:33
09/19/17
07:33

Webster Financial announces CEO succession

Webster Financial's Chairman and CEO James C. Smith will retire from Webster and transition to non executive chairman. President John R. Ciulla will become the company's CEO and a member of the holding company's Board of Directors. Ciulla will succeed Smith, who has served as Webster's CEO. Ciulla joined Webster in 2004 as senior VP for Middle Market Banking and has served in a variety of management positions with increasing responsibility, including as Chief Credit Risk Officer from 2008 to 2010. Ciulla was appointed president of Webster in 2015, and is currently responsible for the management of most of the company's business units and support functions.

  • 08

    Nov

WBS Webster Financial
$48.71

0.73 (1.52%)

11/08/16
DBAB
11/08/16
DOWNGRADE
DBAB
Hold
Webster Financial downgraded to Hold from Buy at Deutsche Bank
11/14/16
WELS
11/14/16
DOWNGRADE
WELS
Market Perform
Webster Financial downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Jared Shaw downgraded Webster Financial to Market Perform citing valuation following the recent rally of the shares. The analyst raised his price target range for the shares to $44-$46 from $40-$45.
11/16/16
PIPR
11/16/16
DOWNGRADE
Target $37.5
PIPR
Underweight
Webster Financial downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Matthew Breese downgraded Webster Financial to Underweight saying it is time to take profits following the recent rally in the shares. The analyst keeps a $37.50 price target for the shares.
06/28/17
WEDB
06/28/17
INITIATION
WEDB
Outperform
Webster Financial initiated with an Outperform at Wedbush
Wedbush analyst David J. Chiaverini started coverage of Webster Financial with a $60 price target and an Outperform rating. The analyst expects the company's HSA subsidiary to generate "extraordinary growth..for years to come."

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