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WBSBearishEarningsnews
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Webster Financial (WBS) Dips 4.9% as Q1 Earnings Miss Estimates

Apr 24, 2024, 11:07 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- WBS shares dropped 4.9% after Q1 2024 earnings miss Zacks estimate. - Revenues fell marginally, NII decreased, expenses increased for WBS. - Total loans increased, deposits decreased as of Mar 31, 2024 for WBS. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • WBS shares dropped 4.9% after Q1 2024 earnings miss Zacks estimate.
  • Revenues fell marginally, NII decreased, expenses increased for WBS.
  • Total loans increased, deposits decreased as of Mar 31, 2024 for WBS.

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