Webster Reports First Quarter 2024 EPS of $1.23; Adjusted EPS of $1.35

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Webster Financial (WBS) PT Lowered to $54 at RBC Capital

April 24, 2024 6:33 AM EDT

RBC Capital analyst Steven Duong lowered the price target on Webster Financial (NYSE: WBS) to $54.00 (from $57.00) while maintaining a Outperform rating.

The analyst comments "We are recapping 1Q results. Core trends reflected lower than expected margin and spread revenue trends, as well as... More