Investing.com - M&T Bank reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
M&T Bank announced earnings per share of $3.54 on revenue of $1.54B. Analysts polled by Investing.com anticipated EPS of $3.02 on revenue of $1.46B.
M&T Bank shares are up 12% from the beginning of the year, still down 17.40% from its 52 week high of $174.00 set on February 6, 2020. They are outperforming the S&P 500 which is up 2.55% 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 January 15, who reported EPS of $3.79 on revenue of $30.16B, compared to forecasts EPS of $2.62 on revenue of $28.67B.
UnitedHealth had beat expectations on Wednesday with fourth quarter EPS of $2.52 on revenue of $65.47B, compared to forecast for EPS of $2.41 on revenue of $64.97B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar