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Webster Announces Increase to Common Stock Repurchase Authorization

1. WBS increased its share repurchase authority by $700 million, signaling confidence. 2. This move could enhance shareholder value and attract investor interest.

Shares Buyback
+4.06%Current Return
VS
+1.48%S&P 500
$47.8105/01 05:01 PM EDTEvent Start
$49.7505/02 11:15 PM EDTLatest Updated
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FAQ

Why Bullish?

Historically, share buybacks lead to increased stock prices by reducing supply. For instance, companies like Apple experienced price surges after similar buyback announcements.

How important is it?

The buyback program directly impacts WBS’s stock supply and investor confidence, likely leading to price appreciation.

Why Short Term?

The immediate market response to share repurchase announcements typically occurs within weeks. Investor sentiment often translates into quick price movements.

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STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (“the Company”) (NYSE:WBS), the holding company for Webster Bank, N.A., announced today that its Board of Directors increased the Company's authority to repurchase shares of its common stock by $700,000,000 under its existing share repurchase program. The repurchase program permits shares to be repurchased in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordanc.

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