Webster Financial Corp (WBS) has disclosed a new risk, in the Sales & Marketing category.
Webster Financial Corp is notably exposed to commercial lending concentration risks, with around 75% of their loan and lease portfolio steeped in commercial non-mortgage, commercial real estate, and multi-family loans. These loans are predominantly tied to properties or borrowers within the New York City vicinity, placing the company at heightened risk due to economic, environmental, and public health variables prevalent in the region. The company is actively engaged in monitoring these risks, particularly those linked to office spaces and anchor tenants. For a more detailed analysis of Webster Financial Corp’s commercial lending activities, refer to the “Loans and Leases” section in Item 7 of their Management’s Discussion and Analysis.
Overall, Wall Street has a Strong Buy consensus rating on WBS stock based on 9 Buys and 2 Holds.
To learn more about Webster Financial Corp’s risk factors, click here.