Keefe, Bruyette & Woods Raises Estimates On Webster Financial

According to Keefe, Bruyette & Woods, Webster Financial WBS Market Perform rating is maintained. Keefe, Bruyette & Woods said WBS posted another solid quarter as its credit clouds continue to dissipate, leading to a penny beat versus expectations. “A lower provision worked to offset one-time, but operating, expenses while stronger fee income and a high tax rate essentially offset each other.” Webster Financial closed yesterday at $21.00.