Webster Financial (WBS -4.8%) Q3 beat estimates on an 87% Y/Y jump in profit, due in large part...

|About: Webster Financial Corporation (WBS)|By:, SA News Editor

Webster Financial (WBS -4.8%) Q3 beat estimates on an 87% Y/Y jump in profit, due in large part to a sharp reduction in loan-loss provisions plus lower interest expenses. However, the stock is trading lower as the company notes challenges to sustaining earnings growth given the slowing economy and margin pressures ahead.