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