Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shares of Webster Financial, Triumph Financial, and Stellar Bancorp Are Falling This Week

TheMotleyFool

0 0

Why Shares of Webster Financial, Triumph Financial, and Stellar Bancorp Are Falling This Week: https://g.foolcdn.com/editorial/images/712306/generic-downward-stock3.jpg

Shares of several bank stocks are falling this week, along with the broader market, concerns over a recession, and investor concerns about compressing bank margins.

For the week, shares of the regional bank Webster Financial (NYSE: WBS) traded nearly 12% lower as of 1:02 p.m. ET Thursday, according to data provided by S&P Global Market Intelligence.

Meanwhile, shares of Triumph Financial (NASDAQ: TFIN), which focuses on the freight industry, and shares of the Houston-based community bank Stellar Bancorp (NASDAQ: STEL) were both down close to 11%.

Source Fool.com

Like: 0

WBS

Share