Webster Financial - Regional Bank Targeted by Banco Santander!
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Business Driver: Webster Financial (WBC) has established itself as a regional bank in the U.S. state of Connecticut, particularly strong in retail and commercial banking as well as in the field of healthcare financial services. Recently, in Q3, it exceeded consensus expectations with an EPS of $1.59 compared to expectations of $1.54. According to a report published by Bloomberg News on February 3, the Spanish Banco Santander is currently considering a takeover offer of $12.2 billion for the U.S. regional bank.
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