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 $3.5 on revenue of $1.51B. Analysts polled by Investing.com anticipated EPS of $3.27 on revenue of $1.47B.
M&T Bank shares are up 14% from the beginning of the year, still down 5.89% from its 52 week high of $186.93 set on January 18. They are outperforming the S&P 500 which is down 4.9% 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 14, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on Wednesday with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
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