Rising gas prices and stock volatility could squeeze most US consumers [USA TODAY]
M&T Bank Corporation (MTB)
Last m&t bank corporation earnings: 4/20 06:37 am
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Source: USA TODAY
Rising gasoline prices and a wobbly stock market are increasing the risk that the U.S.-Israeli war on Iran could hit hard among consumers across the economic spectrum in the United States, undercutting a key prop of economic growth that had been expected to surge this year on the basis of beefed-up income tax refunds, relatively low unemployment, and rising asset values. Heading into the year, analysts felt there was reason both "spurs" of the U.S.' so-called K-shaped economy could sustain or even grow spending in coming months, with wealth effects leading better-off families to consume more and windfall tax refunds from new exemptions on overtime and tip income helping hourly and some service industry workers. Instead, both sides could be under different sorts of pressure. Average national gasoline prices topped $3.50 a gallon as of Tuesday morning according to American Automobile Association data, a 17% jump from the roughly $3 average from before the beginning of the conflict.
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MTB
Earnings
- 1/16/26 - Beat
MTB
Sec Filings
- 3/10/26 - Form ARS
- 3/10/26 - Form DEFA14A
- 3/10/26 - Form DEF
- MTB's page on the SEC website