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 0.7%. By the end of trading, M&T Bank fell $1.84 (-1.6%) to $113.14 on heavy volume. Throughout the day, 1,447,376 shares of M&T Bank exchanged hands as compared to its average daily volume of 754,300 shares. The stock ranged in price between $112.93-$115.27 after having opened the day at $115.01 as compared to the previous trading day's close of $114.98. Other companies within the Banking industry that declined today were: VelocityShares 3x Inverse Natural Gas ETN ( DGAZ), down 6.6%, Intermountain Community Bancorp ( IMCB), down 5.9%, VelocityShares 3x Long Brent Crude ETN ( UOIL), down 5.6% and HMN Financial ( HMNF), down 5.6%.

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 $15.1 billion and is part of the financial sector. Shares are up 16.8% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate M&T Bank a buy, no analysts rate it a sell, and 12 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, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Bbva Banco FrancesS.A ( BFR), up 9.2%, Grupo Financiero Galicia ( GGAL), up 7.4%, National Bank of Greece ( NBG), up 7.0% and OptimumBank Holdings ( OPHC), up 5.6% , were all gainers within the banking industry with Deutsche Bank ( DB) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers