Updated
Updated · MarketWatch · May 1M&T Bank stock slides 1% and underperforms competitors
10 articles · Updated · MarketWatch · May 1
- Shares closed at $216.44 as the S&P 500 rose 0.29% to 7,230.12 and the Dow Jones Industrial Average fell 0.31% to 49,499.27.
- M&T ended 9.44% below its 52-week high of $239.00, reached on 11 February.
- Among peers, JPMorgan fell 0.24% to $312.47, Bank of America lost 0.41% to $53.24 and Wells Fargo dropped 1.73% to $80.81.
With a new $5 billion buyback, can M&T Bank's stock defy market headwinds and surpass its 52-week high? Despite record earnings, is M&T Bank's declining deposit base a hidden warning for the entire regional banking sector?