JPMorgan Sells Health Savings Account Business To Webster Financial - A Win For Both
Stock Gazer • Today, 1:35 AM
- WBS and JPM came to an agreement about the purchase and sale of HSA. The deal involves the sale of almost 700,000 accounts to Webster Financial’s HSA Bank division.
- JPMorgan had announced plans of streamlining its business and intended to achieve that goal by selling some of its non-core business units which included the prepaid card business.
- JPMorgan does not expect any adverse effects on its earnings. The company does not anticipate any changes to the revenues and profits it earns because of this deal.