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0 0.000547018747824425 -0.000870257098811534 -0.00402804714307028 -0.00283455169327164 -0.0058182903177681 -0.00673827639365453 -0.00631558008851763
Stock impact report

M&T Bank: A Defensive Holding In An Uncertain Market [Seeking Alpha]

M&T Bank Corporation (MTB) 
Last m&t bank corporation earnings: 4/20 06:37 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/m
Company Research Source: Seeking Alpha
MTB's 9% NDFI loan exposure is conservatively underwritten, with most risk concentrated in manageable, small segments. Credit quality has improved, with criticized loans and nonaccruals down a quarter year-over-year; reserves remain slightly low, but capital is robust. MTB trades under 11x earnings, offers a 3.1% yield, and is fairly valued at $195–$200; a pullback to the mid-$180s would present a buying opportunity. M. Suhail/iStock Editorial via Getty Images Shares of M&T Bank ( MTB ) have been a solid performer over the past year, gaining about 14%. However, momentum has clearly turned in shares over the past two months, with shares down about 15% from their highs. The entire regional banking sector has been caught This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses Show less Read more
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