STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Webster Financial Corp. (WBS) on Friday reported fourth-quarter profit of $177.8 million. The bank, based in Stamford, Connecticut, said it had earnings of $1.01 per share. Earnings, adjusted for non-recurring costs and pretax expenses, came to $1.43 per share.

The rise in yields, caused in part by worries about stubborn inflation and the U.S. government’s swelling debt, had knocked down stocks and halted the record-breaking run that had carried them through 2024, at least briefly.

On a per-share basis, the Stamford, Connecticut-based company said it had profit of 7 cents. Earnings, adjusted for one-time gains and costs, were 52 cents per share. The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The S&P 500 climbed 0.5% to surpass its record set early last month after coming close the day before. It was the seventh gain in eight days for the main measure of Wall Street's health. The Dow Jones Industrial Average piled on 408 points, or 0.9%, while the Nasdaq composite added 0.2%.

TipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including AT&T and Diamondback Energy

On the winning side of Wall Street were Novo Nordisk’s U.S.-listed shares, which jumped 8.5%. The Danish company reported results from a clinical trial of a treatment for people who are overweight or obese, which could mean bigger profits in the future.

The S&P 500 climbed 0.9%, while many markets around the world took only tentative steps following Donald Trump’s return to the White House on Monday. The Dow Jones Industrial Average rose 538 points, or 1.2%, and the Nasdaq composite added 0.6%.

Bank of America Securities analyst Jessica Reif Ehrlich maintained a Buy rating on Charter Communications (CHTR – Research Report) today. The

Warby Parker, which offers eyewear and exams, opened another Connecticut location at the Shops at Farmington Valley in Canton on Saturday.

Changes are underway along Westport’s Main Street, with signs up and down the downtown road of construction work and new businesses getting ready to open.

Green & Tonic, a popular health-focused cafe, will open its newest location in downtown Stamford next week, offering locals a fresh option for clean and convenient eating.The cafe, set to open Monday,

Jan 21 (Reuters) - Goldman Sachs (GS.N), opens new tab is tapping several executives to lead its prized Wall Street businesses, it said on Tuesday, as part of a management reshuffle less than a ...