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Webster Financial Shares Slide Despite Record Earnings Amid Broad Market Sell-Off

Webster Financial Shares Slide Despite Record Earnings Amid Broad Market Sell-Off

Author:

Global Cryptocurrency

Published:

2026-01-23 19:14:02

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BTCCSquare news:

Webster Financial Corporation (WBS) saw its stock price tumble 3.39% to $63.97, defying a strong quarterly performance that included record net income of $248.7 million. The decline occurred against a backdrop of widespread market pressure, overshadowing the bank's operational achievements.

Revenue climbed to $746.2 million as loan and deposit balances expanded, with the loan portfolio reaching $56.6 billion. Deposit growth to $68.8 billion underscored stable funding, yet investors remained focused on macroeconomic headwinds rather than fundamental strength.

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