Breaking News

Over a month ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Earnings
Webster Financial reports Q3 EPS 75c, consensus 67c » 07:36
10/22/20
10/22
07:36
10/22/20
07:36
WBS

Webster Financial

$29.49 /

+0.53 (+1.83%)

Reports Q3 revenue…

Reports Q3 revenue $294.3M, consensus $235.84M. Reports net interest margin of 2.88%.

ShowHide Related Items >><<
WBS Webster Financial
$29.49 /

+0.53 (+1.83%)

06/24/20 RBC Capital
Webster Financial initiated with an Outperform at RBC Capital
04/22/20 Compass Point
Webster Financial downgraded to Neutral from Buy at Compass Point
04/06/20 Raymond James
Webster Financial double upgraded to Strong Buy at Raymond James
04/06/20 Raymond James
Webster Financial upgraded to Strong Buy from Market Perform at Raymond James
WBS Webster Financial
$29.49 /

+0.53 (+1.83%)

Over a quarter ago
Conference/Events
Webster Financial management to meet virtually with Piper Sandler » 04:55
07/30/20
07/30
04:55
07/30/20
04:55
WBS

Webster Financial

$27.55 /

+1.18 (+4.47%)

Virtual Meeting to be…

Virtual Meeting to be held on July 30 hosted by Piper Sandler.

ShowHide Related Items >><<
WBS Webster Financial
$27.55 /

+1.18 (+4.47%)

WBS Webster Financial
$27.55 /

+1.18 (+4.47%)

06/24/20 RBC Capital
Webster Financial initiated with an Outperform at RBC Capital
04/22/20 Compass Point
Webster Financial downgraded to Neutral from Buy at Compass Point
04/06/20 Raymond James
Webster Financial double upgraded to Strong Buy at Raymond James
04/06/20 Raymond James
Webster Financial upgraded to Strong Buy from Market Perform at Raymond James
WBS Webster Financial
$27.55 /

+1.18 (+4.47%)

Conference/Events
Webster Financial management to meet virtually with Piper Sandler » 12:25
07/27/20
07/27
12:25
07/27/20
12:25
WBS

Webster Financial

$26.35 /

-0.76 (-2.80%)

Virtual Meeting to be…

Virtual Meeting to be held on July 30 hosted by Piper Sandler.

ShowHide Related Items >><<
WBS Webster Financial
$26.35 /

-0.76 (-2.80%)

WBS Webster Financial
$26.35 /

-0.76 (-2.80%)

06/24/20 RBC Capital
Webster Financial initiated with an Outperform at RBC Capital
04/22/20 Compass Point
Webster Financial downgraded to Neutral from Buy at Compass Point
04/06/20 Raymond James
Webster Financial double upgraded to Strong Buy at Raymond James
04/06/20 Raymond James
Webster Financial upgraded to Strong Buy from Market Perform at Raymond James
WBS Webster Financial
$26.35 /

-0.76 (-2.80%)

Earnings
Webster Financial reports Q2 EPS 57c, consensus 47c » 07:34
07/23/20
07/23
07:34
07/23/20
07:34
WBS

Webster Financial

$26.61 /

-0.23 (-0.86%)

Reports Q2 revenue…

Reports Q2 revenue $284.5M, consensus $230.15M. Reports net interest margin of 2.99%.

ShowHide Related Items >><<
WBS Webster Financial
$26.61 /

-0.23 (-0.86%)

WBS Webster Financial
$26.61 /

-0.23 (-0.86%)

06/24/20 RBC Capital
Webster Financial initiated with an Outperform at RBC Capital
04/22/20 Compass Point
Webster Financial downgraded to Neutral from Buy at Compass Point
04/06/20 Raymond James
Webster Financial double upgraded to Strong Buy at Raymond James
04/06/20 Raymond James
Webster Financial upgraded to Strong Buy from Market Perform at Raymond James
WBS Webster Financial
$26.61 /

-0.23 (-0.86%)

Initiation
Webster Financial initiated with an Outperform at RBC Capital » 06:14
06/24/20
06/24
06:14
06/24/20
06:14
WBS

Webster Financial

$28.63 /

-0.235 (-0.81%)

RBC Capital analyst…

RBC Capital analyst Steven Duong initiated coverage of Webster Financial with an Outperform rating and $37 price target. The company's expected credit losses will be manageable, the analyst tells investors in a research note, adding that current valuations that were driven lower on expected net interest margin pressure and flat yield curve offer upside for the stock. Duong further notes that Webster's HSA Bank is a "unique business with a high barrier to entry."

ShowHide Related Items >><<
WBS Webster Financial
$28.63 /

-0.235 (-0.81%)

WBS Webster Financial
$28.63 /

-0.235 (-0.81%)

04/22/20 Compass Point
Webster Financial downgraded to Neutral from Buy at Compass Point
04/06/20 Raymond James
Webster Financial double upgraded to Strong Buy at Raymond James
04/06/20 Raymond James
Webster Financial upgraded to Strong Buy from Market Perform at Raymond James
03/30/20 Wells Fargo
Webster Financial upgraded to Overweight from Equal Weight at Wells Fargo
WBS Webster Financial
$28.63 /

-0.235 (-0.81%)

Downgrade
Webster Financial downgraded to Neutral from Buy at Compass Point » 05:27
04/22/20
04/22
05:27
04/22/20
05:27
WBS

Webster Financial

$23.16 /

-0.405 (-1.72%)

Compass Point analyst…

Compass Point analyst Laurie Havener Hunsicker downgraded Webster Financial to Neutral from Buy with a $24 price target.

ShowHide Related Items >><<
WBS Webster Financial
$23.16 /

-0.405 (-1.72%)

04/06/20 Raymond James
Webster Financial double upgraded to Strong Buy at Raymond James
04/06/20 Raymond James
Webster Financial upgraded to Strong Buy from Market Perform at Raymond James
03/30/20 Wells Fargo
Webster Financial upgraded to Overweight from Equal Weight at Wells Fargo
01/24/20 Stephens
Stephens upgrades Webster Financial to Equal Weight with thesis played out
Hot Stocks
Webster Financial says opened 338,000 new accounts in Q1 » 09:26
04/21/20
04/21
09:26
04/21/20
09:26
WBS

Webster Financial

$23.56 /

-0.1 (-0.42%)

Sees Q2 NIM flat compared…

Sees Q2 NIM flat compared to Q1. Says had more than 2,000 Small Business Association, or SBA, approved loans before the SBA stopped accepting loans. Says anticipates closing acquisition of health savings accounts from State Farm Bank in Q2 or Q3. Says does not anticipate purchasing shares until pandemic is over. Says loan and deposit ratio is favorable at 85%. Comments taken from Q1 earnings conference call.

ShowHide Related Items >><<
WBS Webster Financial
$23.56 /

-0.1 (-0.42%)

04/06/20 Raymond James
Webster Financial double upgraded to Strong Buy at Raymond James
04/06/20 Raymond James
Webster Financial upgraded to Strong Buy from Market Perform at Raymond James
03/30/20 Wells Fargo
Webster Financial upgraded to Overweight from Equal Weight at Wells Fargo
01/24/20 Stephens
Stephens upgrades Webster Financial to Equal Weight with thesis played out
Hot Stocks
Webster Financial says there are no furloughs as of yet » 07:48
04/21/20
04/21
07:48
04/21/20
07:48
WBS

Webster Financial

$23.56 /

-0.1 (-0.42%)

Says 75% of bankers are…

Says 75% of bankers are working remotely and all are at 100% pay. Says continued strong capital and liquidity ratios. Says 94% of balances are pass-rated, 6% criticized. Comments taken from investor presentation slides ahead of Q1 conference call.

ShowHide Related Items >><<
WBS Webster Financial
$23.56 /

-0.1 (-0.42%)

04/06/20 Raymond James
Webster Financial double upgraded to Strong Buy at Raymond James
04/06/20 Raymond James
Webster Financial upgraded to Strong Buy from Market Perform at Raymond James
03/30/20 Wells Fargo
Webster Financial upgraded to Overweight from Equal Weight at Wells Fargo
01/24/20 Stephens
Stephens upgrades Webster Financial to Equal Weight with thesis played out
Earnings
Webster Financial reports Q1 EPS 39c, consensus 55c » 07:35
04/21/20
04/21
07:35
04/21/20
07:35
WBS

Webster Financial

$23.56 /

-0.1 (-0.42%)

Reports Q1 revenue $304.2…

Reports Q1 revenue $304.2 M, consensus $231.73M. Results in the quarter reflect a provision for credit losses of $76.0M under the Current Expected Credit Loss accounting standard effective January 1 compared to a provision for credit losses of $8.6M in prior year. "During these uncertain, challenging and unprecedented times, Webster bankers have once again stepped up to take care of our customers, our communities and, importantly, each other. I am so proud of every one of our 3,400 bankers," said the company. "We continue to take swift actions to keep our employees safe while effectively providing our customers with the banking services and financial assistance they need to navigate through the economic storm brought on by this pandemic."

ShowHide Related Items >><<
WBS Webster Financial
$23.56 /

-0.1 (-0.42%)

04/06/20 Raymond James
Webster Financial double upgraded to Strong Buy at Raymond James
04/06/20 Raymond James
Webster Financial upgraded to Strong Buy from Market Perform at Raymond James
03/30/20 Wells Fargo
Webster Financial upgraded to Overweight from Equal Weight at Wells Fargo
01/24/20 Stephens
Stephens upgrades Webster Financial to Equal Weight with thesis played out
Hot Stocks
Webster: HSA Bank to acquire health savings accounts from State Farm Bank » 16:04
04/20/20
04/20
16:04
04/20/20
16:04
WBS

Webster Financial

$23.57 /

-0.09 (-0.38%)

Webster Financial, the…

Webster Financial, the holding company for Webster Bank, N.A. and its HSA Bank division, announced that HSA Bank has signed a definitive agreement to acquire the existing health savings accounts of State Farm Bank, F.S.B., a subsidiary of State Farm Mutual Automobile Insurance Company. This acquisition offers State Farm Bank's HSA accountholders new and easy ways to manage their healthcare spending and saving through an industry-leading HSA provider with more than two decades of experience. Under the agreement, approximately 24,000 accounts, including an estimated $140M in deposits, will transition from State Farm Bank to HSA Bank, the nation's leading bank administrator and depository of HSAs. Expected closing is in the second or third quarter of 2020. No other terms of the transaction are being disclosed. The transaction is subject to regulatory approval and customary closing conditions.

ShowHide Related Items >><<
WBS Webster Financial
$23.57 /

-0.09 (-0.38%)

04/06/20 Raymond James
Webster Financial double upgraded to Strong Buy at Raymond James
04/06/20 Raymond James
Webster Financial upgraded to Strong Buy from Market Perform at Raymond James
03/30/20 Wells Fargo
Webster Financial upgraded to Overweight from Equal Weight at Wells Fargo
01/24/20 Stephens
Stephens upgrades Webster Financial to Equal Weight with thesis played out

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.