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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, DOWNBEAT GDP

Caterpillar sinks 7% after earnings, management sees weakness in Europe, Asia-Pacific

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

Bram Berkowitz, The Motley Fool
·3 min read
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%.

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