M&T(US:MTB) Benzinga·2026-01-16 14:42Market Overview - U.S. stocks experienced an upward trend, with the Nasdaq Composite increasing by over 100 points on Friday. The Dow rose by 0.13% to 49,508.69, the NASDAQ surged by 0.51% to 23,649.47, and the S&P 500 gained 0.28% to 6,963.79 [1] Company Earnings - M&T Bank reported strong fourth-quarter earnings, posting $4.72 per share, surpassing the analyst consensus estimate of $4.47 per share. The company also reported quarterly sales of $2.475 billion, slightly exceeding the analyst consensus estimate of $2.474 billion [2] Commodity Market - In commodity trading, oil prices increased by 1.1% to $59.82, while gold prices decreased by 0.6% to $4,598.10. Silver fell by 4.6% to $88.070, and copper dropped by 2.9% to $5.8170 [5] Asian Market Performance - Asian markets closed mostly lower, with Japan's Nikkei down by 0.32%, Hong Kong's Hang Seng Index declining by 0.29%, and China's Shanghai Composite falling by 0.26%. However, India's BSE Sensex saw a slight increase of 0.23% [7] Stock Movements - Venus Concept Inc saw a significant increase in shares, rising by 367% to $6.68 after Madryn Asset Management reported a 91% stake in the company. Jeffs Brands Ltd shares surged by 131% to $1.29 following a distribution agreement announcement. Locafy Ltd shares increased by 74% to $5.46 due to an expanded partnership [9] - Conversely, Callan JMB Inc shares dropped by 29% to $2.98 after signing a strategic agreement with Biostax Corp. Youlife Group Inc and Erayak Power Solution Group Inc also experienced declines of 24% to $0.96 and $3.00, respectively, amid overall market weakness [9]