Webster Financial: Q1 Earnings Insights


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


 

Shares of Webster Financial (NYSE:WBS) moved higher by 0.0% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 220.51% over the past year to $1.25, which beat the estimate of $0.92.

Revenue of $223,764,000 declined by 3.05% year over year, which missed the estimate of $230,770,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $63.81

Company's 52-week low was at $19.76

Price action over last quarter: Up 13.20%

Company Description

Webster Financial Corp is a full-service provider of financial services, offering commercial and consumer banking, mortgages, and investment advisory along with trust and wealth management services in Connecticut, New York, Rhode Island, Massachusetts, and Pennsylvania.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: EarningsNewsBZI-Recaps