<< Read Full Article

M&T Bank 1Q Profit Falls 68 Percent, Shares Slide

Stock quotes in this article: PBKS  

BUFFALO, N.Y. (AP) — M&T Bank Corp. on Tuesday said its first-quarter profit fell 68 percent as the regional bank's results were hurt by an investment loss and a larger set-aside to cover credit losses.

Shares of M&T fell nearly 9 percent in morning trading.

M&T reported net income for the three months ended March 31 of $64.2 million, or 49 cents per share, down from a profit of $202.2 million, or $1.82 per share, in last year's first quarter. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,388.90 1,105.98 2,194.35 34.83
Oil *
77.74
UP
22.75
UP
6.06
UP
21.21
UP
1.03
10 Yr
3.48%
SPDR Gold
113.75
+0.22%
+0.55%
+0.98%
+3.05%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services