Webster Financial Corporation has been given a Buy rating by UBS, indicating positive investor sentiment towards the company.
Webster operates through three main segments: Commercial Banking, HSA Bank, and Consumer Banking.
The Commercial Banking segment serves businesses with revenues over two million dollars, offering services such as Commercial Real Estate and Equipment Finance, Business Banking, and Treasury Management.
HSA Bank provides various consumer-oriented retirement and health solutions, including health savings accounts and flexible spending accounts.
The Consumer Banking segment has a strong distribution network across southern New England and metro New York, with approximately 198 banking centers and 349 ATMs, as well as comprehensive web and mobile banking services.