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M&T Bank Corp (MTB): Today's Featured Banking Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

M&T Bank (MTB) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.1%. By the end of trading, M&T Bank fell $2.68 (-2.3%) to $111.99 on heavy volume. Throughout the day, 2,669,454 shares of M&T Bank exchanged hands as compared to its average daily volume of 932,200 shares. The stock ranged in price between $110.26-$114.76 after having opened the day at $113.99 as compared to the previous trading day's close of $114.67. Other companies within the Banking industry that declined today were: Credit Suisse (UGAZ), down 5.1%, Broadway Financial (BYFC), down 5.0%, Baylake (BYLK), down 4.5% and First BanCorp (FBP), down 4.1%.

M&T Bank Corporation operates as the holding company for M&T Bank that provide commercial and retail banking services to individuals, corporations, and other businesses and institutions. M&T Bank has a market cap of $15.0 billion and is part of the financial sector. The company has a P/E ratio of 13.1, below the S&P 500 P/E ratio of 17.7. Shares are down 1.5% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate M&T Bank a buy, no analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates M&T Bank as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in stock price during the past year and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, OptimumBank Holdings (OPHC), up 8.4%, Credit Suisse (DGAZ), up 5.2%, Southside (SBSI), up 5.0% and First United (FUNC), up 4.1% , were all gainers within the banking industry with SunTrust Banks (STI) being today's featured banking industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF (KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng (KRS).

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