Webster Financial shares are trading lower following worse-than-expected Q1 EPS and revenues.
Portfolio Pulse from Benzinga Newsdesk
Webster Financial's shares declined due to disappointing Q1 earnings per share (EPS) and revenue figures.
April 23, 2024 | 1:01 pm
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Webster Financial's shares dropped following the announcement of disappointing Q1 EPS and revenue results.
The direct mention of Webster Financial's worse-than-expected Q1 EPS and revenues indicates a negative impact on the stock price in the short term. Typically, financial results that do not meet market expectations can lead to a decrease in investor confidence and a subsequent drop in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100