M&T Bank Stock Rose Thursday. Here's Why.
M&T(MTB) Investopedia·2024-07-18 21:16
M&T Bank's second-quarter earnings beat expectations on both the top and bottom lines but declined year-over-year. Net interest income also fell, while average loans and leases at the bank increased. M&T's CFO pointed out the bank's growing loan portfolios and reduced commercial real estate exposure. Key Takeaways M&T Bank (MTB) shares finished Thursday higher after the bank beat expectations with its second-quarter results. The firm reported earnings per share (EPS) of $3.73 on revenue of more than $2.3 bi ...