Webster Financial (US:WBS) ZACKS·2025-04-10 13:15Company Overview - Webster Financial (WBS) shares increased by 11.6% to $46.66 in the last trading session, following a period of 14.2% loss over the past four weeks, indicating a significant recovery in stock performance [1] - The company is expected to report quarterly earnings of $1.38 per share, reflecting a year-over-year increase of 2.2%, with revenues projected at $714.9 million, up 7.2% from the previous year [3] Market Reaction - The stock price surge was influenced by President Donald Trump's announcement on April 9, 2025, regarding a 90-day suspension of reciprocal tariffs for most trading partners, which alleviated concerns about trade wars and improved the economic outlook, positively impacting banking stocks like WBS [2] Earnings Estimates - The consensus EPS estimate for Webster Financial has been revised 1.8% lower in the last 30 days, which typically does not correlate with price appreciation, suggesting caution in the stock's future performance [4] - The company currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [4] Industry Context - Webster Financial operates within the Zacks Banks - Northeast industry, where another competitor, Citizens Financial Services (CZFS), saw a 6.5% increase in its stock price, closing at $57.41, despite a -4.3% return over the past month [4] - Citizens Financial Services has maintained its consensus EPS estimate at $1.49, showing no change compared to the previous year, and also holds a Zacks Rank of 3 (Hold) [5]