Webster Financial named a ‘Best Idea’ at Stephens

Stephens analyst Matt Breese is changing his "Best Idea" to Webster Financial (WBS) from Signature Bank (SBNY) following Q3 earnings. He maintains Overweight rating on both stocks, but calls Webster "the more compelling name" given near-term crypto headwinds and elevated deposit betas, Breese tells investors. Breese has a $67 price target on Webster shares.