Marathon Asset Management and Webster Bank Announce Private Credit Joint Venture
![Business Wire](../../../Content/images/providers/BW.png)
Webster Financial Corporation (WBS)
Last webster financial corporation earnings: 4/21 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
webster.gcs-web.com/investor-overview
Company Research
Source: Business Wire
Synergistic and strategic partnership will finance middle market companies of private equity sponsors NEW YORK--(BUSINESS WIRE)--Marathon Asset Management, L.P. (“Marathon”), a leading global credit manager with $23 billion in assets under management, and Webster Financial Corporation, the holding company for Webster Bank, N.A. (“Webster Bank”), a top performing commercial bank with $76 billion in assets, today announced they are forming a private credit joint venture, which will deliver direct lending solutions to sponsor-backed middle market companies.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701736915/en/The partnership combines each firm’s credit expertise, private equity sponsor relationships and standing in the middle market with Marathon’s 26-plus years of experience in asset management and Webster Bank’s full banking product suite that serves companies primarily in the middle market. The joint venture wil
Show less
Read more
Impact Snapshot
Event Time:
WBS
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WBS alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WBS alerts
High impacting Webster Financial Corporation news events
Weekly update
A roundup of the hottest topics
WBS
News
- Webster Financial Co. (NYSE: WBS) had its price target lowered by analysts at Jefferies Financial Group Inc. from $56.00 to $51.00. They now have a "buy" rating on the stock.MarketBeat
- US construction spending unexpectedly falls in May Mon, Jul 1, 2024, 4:32 PM GMT+2 1 min read 1 Advertisement Up next BlackRock teases indexes for private markets after Preqin deal Mon, Jul 1, 2024, 4:18 PM GMT+2 2 min read 0 In this article: AdvertisemenAcquire Media Monitor
- Webster Bank and Marathon Asset Management Announce Private Credit Joint Venture [Yahoo! Finance]Yahoo! Finance
- Marathon Asset Management and Webster Bank Announce Private Credit Joint Venture [Yahoo! Finance]Yahoo! Finance
- Webster Bank and Marathon Asset Management Announce Private Credit Joint VentureBusiness Wire
WBS
Earnings
- 4/23/24 - Miss
WBS
Sec Filings
- 6/28/24 - Form S-8
- 6/28/24 - Form NT
- 6/5/24 - Form 4
- WBS's page on the SEC website