| 2023-09-27 | +1.03 % |
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| 2023-09-25 | +1.06 % |
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| 2023-09-22 | -1.58 % |
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| 2023-09-21 | -0.28 % |
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| 2023-09-20 | +0.17 % |
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| 2023-09-19 | -0.23 % |
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| 2023-09-15 | +0.28 % |
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| 2023-09-14 | +2.2 % |
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| 2023-09-13 | -2.65 % |
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| 2023-09-12 | +2.73 % |
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| 2023-09-11 | +3.6 % |
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| 2023-09-08 | +2.05 % |
- The article discusses how M&T Bank (MTB) stock went up by 2.05% and attributes the increase to insider buying by CFO Daryl N. Bible, indicating that he believes the stock is undervalued and expects to make money.
- M&T Bank (MTB) stock went up by 2.05% last night. The article discusses how regional banks may need to add $63 billion of holding company debt to comply with proposed regulatory guidelines, which poses a challenge to the sector. However, it is uncertain if this capital raise will be enough to prevent future bank failures. Additionally, regional banks are vulnerable to weakness in the office real estate market, as they have heavily invested in loans in that sector. Despite these challenges, bank stocks have underperformed the overall equities market.
- Shares of M&T Bank Corp. (MTB) rose 2.05% on a favorable trading session, with the broader stock market also showing gains, and the stock outperformed some competitors like JPMorgan Chase, Bank of America, and Wells Fargo. The reason for the stock's rise is not mentioned in the article.
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| 2023-09-07 | -2.02 % |
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| 2023-09-01 | +0.57 % |
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| 2023-08-30 | -1.37 % |
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| 2023-08-29 | +0.86 % |
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| 2023-08-24 | -0.17 % |
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| 2023-08-23 | +0.66 % |
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| 2023-08-22 | -2.1 % |
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| 2023-08-21 | +0.56 % |
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| 2023-08-18 | -0.82 % |
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| 2023-08-17 | +0.36 % |
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| 2023-08-16 | +0.86 % |
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| 2023-08-15 | -4.27 % |
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| 2023-08-14 | -2.23 % |
- M&T Bank Corporation (MTB) stock went down by -2.23% yesterday, but the reason for the decrease is not mentioned in the article.
- Moody's has downgraded several banks, including M&T Bank Corp., citing rising funding costs, declining income metrics, and increasing asset risk, particularly for banks with large commercial real estate exposures. The negative outlook on these banks and others is due to the expected mild recession in 2024 and funding strains on the U.S. banking sector, which will lead to tightening credit conditions and rising loan losses.
- The article reveals that Michael Burry, known for his successful shorting of subprime mortgages, closed out the majority of his regional bank trade in the second quarter, leading to a downturn in M&T Bank (MTB) stock. This decision was influenced by the closure of stakes in other regional banks and mergers within the banking industry. The broader Financial sector also experienced a decline during the second quarter, impacting the performance of regional banking stocks. Other notable investors, such as Bridgewater Associates and Renaissance Technologies, also adjusted their banking exposure in the second quarter.
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| 2023-08-11 | +0.59 % |
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| 2023-08-09 | -3.15 % |
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| 2023-08-08 | -1.46 % |
- The article states that Moody's has put the credit ratings of six large US banks, including M&T Bank (MTB), under review for a possible downgrade, which has caused stocks to plummet as investors worry about the banking sector; the potential downgrade reflects ongoing strain in the US banking sector and increased pressures on funding and capital requirements. The fear of a lower credit rating has led to a decline in M&T Bank's stock.
- The article states that U.S.-listed exchange-traded funds that buy bank stocks fell on Tuesday after Moody's Investors Service warned of possible downgrades for major U.S. banks and lowered debt ratings for small and midsize banks, which led to a decline in M&T Bank (MTB) stock.
- The article discusses the downward movement in M&T Bank (MTB) stock and other regional bank stocks following Moody's downgrades and warnings about the challenges facing mid-sized financial institutions. The downgrades were attributed to factors such as higher deposit costs, eroding profitability, new capital requirements, and a commercial real estate slump. The Federal Reserve's campaign to cool inflation with higher interest rates was identified as a trigger for these challenges. The article suggests that the downward movement in bank stocks may also be influenced by the recent rally in these stocks and revised revenue estimates for the rest of the year. The article also mentions that the new capital proposals for banks may face pushback from the banking industry, which argues that lenders are already more resilient than during the 2008-09 financial crisis. Many midsize banks are already making adjustments to prepare for the new rules, such as holding back on dividends or share buybacks and selling assets to reduce risks. Overall, while banks may be less profitable in the short term, these adjustments are expected to make them stronger in the long term.
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| 2023-08-04 | +0.04 % |
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| 2023-08-03 | +1 % |
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| 2023-07-31 | -0.14 % |
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| 2023-07-28 | +1.32 % |
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| 2023-07-21 | -0.49 % |
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| 2023-07-20 | +0.32 % |
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| 2023-07-19 | +2.48 % |
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| 2023-07-07 | +2.59 % |
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| 2023-07-03 | +2.98 % |
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| 2023-06-28 | -0.18 % |
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| 2023-06-14 | -3.79 % |
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| 2023-05-31 | -4.85 % |
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| 2023-05-25 | -0.33 % |
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| 2023-05-22 | +1.37 % |
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| 2023-05-16 | -1.69 % |
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| 2023-05-08 | -1.98 % |
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| 2023-05-04 | -0.98 % |
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| 2023-05-03 | -2.21 % |
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| 2023-04-20 | -3.7 % |
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| 2023-04-19 | +3.09 % |
- Warren Buffett revealed that he sold M&T Bank, along with other bank stocks, in recent years due to concerns about the banks' risky and deceptive practices, which ultimately led to his prediction of trouble in the banking sector, but he continues to hold Bank of America due to a "very decent deal" and his favorable opinion of the company's CEO. The stock of M&T Bank went up by 3.09% on the night of the article's publication.
- M&T Bank's stock (MTB) went up by 3.09% after the bank was recognized by Forrester as one of the North American winners of the Customer-Obsessed Leadership Award for putting its customers at the center of everything it does to achieve business growth, retain customers, and enhance employee engagement.
- Wedbush Securities upgraded Western Alliance's stock and added it to its "Best Ideas List" following the bank's strong update on deposits, which sent its stock up 14% in Wednesday's trading session, and also added New York Community Bancorp, M&T Bank and Regions Financial to its "Best Ideas List"; investors have been focusing on deposit levels at financial institutions following the recent bank failures and amid the rising interest rates, however, Western Alliance's update has prompted analysts to recommend buying regional bank stocks again.
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| 2023-04-18 | +0.06 % |
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| 2023-04-17 | +7.78 % |
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| 2023-04-14 | +0.03 % |
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| 2023-04-11 | +0.63 % |
- M&T Bank's stock price increased by 0.63% after the bank launched its Harlem Multicultural Small Business Lab, which is aimed at providing local entrepreneurs with resources, guidance, and education to help them expand and start businesses.
- M&T Bank Corp. stock (MTB) went up by 0.63% on a mixed trading session for the stock market, and it closed $75.23 short of its 52-week high, while its competitors JPMorgan Chase & Co., Bank of America Corp., and Wells Fargo & Co. had mixed performances on Tuesday.
- M&T Bank's stock went up by 0.63% after the launch of its Harlem Multicultural Small Business Lab, a six-week program designed to provide local entrepreneurs with guidance, education, and resources, empowering diverse small businesses to grow and develop their businesses.
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| 2023-04-05 | +0.2 % |
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| 2023-04-04 | -1.31 % |
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