2024-04-26 02:51:49 ET
Summary
- Webster Financial's earnings report caused the stock to plummet by 4% as it missed earnings and revenue estimates.
- The bank's loan portfolio is growing, but concerns arise as originations decline and demand for loans slows due to high-interest rates.
- WBS is focusing on increasing the yield on its securities portfolio to compensate for stagnant loan yields and generate positive net interest income.
The Q1 2024 earnings report raised some concerns for investors, in fact, the stock plummeted about 4% on the day of release....
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Webster Financial: Market Reaction May Have Been Exaggerated