Investing.com - M&T Bank reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
M&T Bank announced earnings per share of $3.76 on revenue of $1.53B. Analysts polled by Investing.com anticipated EPS of $3.5 on revenue of $1.48B.
M&T Bank shares are up 19% from the beginning of the year, still down 9.88% from its 52 week high of $168.27 set on May 18. They are under-performing the S&P 500 which is up 20.33% from the start of the year.
M&T Bank follows other major Financial sector earnings this month
M&T Bank's report follows an earnings beat by JPMorgan on October 13, who reported EPS of $3.74 on revenue of $30.44B, compared to forecasts EPS of $3 on revenue of $29.79B.
UnitedHealth had beat expectations on October 14 with third quarter EPS of $4.52 on revenue of $72.34B, compared to forecast for EPS of $4.42 on revenue of $71.38B.
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