TD considers acquisition strategy for US expansion 2021/04/05 12:40:00 Business Insider
Summary List Placement The Canadian bank is still interested in using a major acquisition to beef up its US retail operations and is unbothered by the recent spikes in valuation for the regional lenders that would be TD's most likely targets, CEO Bharat Masrani said in an interview cited by Bloomberg. Masrani stated that if the bank finds "some opportunity that fits all our criteria, we will look at it very seriously, and our capital gives us that flexibility." The capital in question is the result of a stockpile that TD built up at the beginning of the coronavirus pandemic to protect against customer defaults on loans; those defaults didn't materialize on the scale expected, leaving TD with CAD$12 billion ($9.55 billion) beyond what's required to maintain its leverage ratio. If TD does decide on an acquisition, it'll fit neatly within the ongoing trend of consolidation among regional US banks to compete on a larger scale. Such mergers have become increasingly popular as smaller banks seek to drive cost synergies and scale to invest more significantly in technology.
Baltimore Ravens, M&T Bank Host Touchdown For Teachers Program, Nominations Now Open 2021/03/15 18:57:14 CBS Baltimore
The team is hosting its Eighth Annual Touchdown for Teachers.
Doris P. Meister Recognized by Crain's New York Business as one of the Most Notable Women on Wall Street Commemorating International Women's Day 2021/03/08 13:42:00 PR Newswire
NEW YORK, March 8, 2021 /PRNewswire/ -- Doris P. Meister, head of Wealth Management at Wilmington Trust and M&T Bank, has been named among the "Most Notable Women on Wall Street" for 2021 by Crain's New York Business. The honor, announced on International Women's Day, recognizes leading…
PEOPLE'S UNITED INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of People's United Financial, Inc. - PBCT 2021/02/25 02:47:00 PR Newswire
NEW ORLEANS, Feb. 24, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of People's United Financial, Inc. (NasdaqGS: PBCT) to M&T Bank Corporation (NYSE: MTB). Under…
The People's United sale: How a December phone call led to a $7.6 billion deal 2021/02/24 23:00:00 CT Insider
The merger of People’s United Bank into M&T Bank is taking place with no other bidders surfacing, coming about after sporadic, casual conversations between the CEOs.
M&T Bank review: Open a savings account with $0 and choose between fixed-rate and variable-rate CDs 2021/01/29 22:51:19 Business Insider
Summary List Placement M&T Bank (Member FDIC) could be good for people who live on the US East Coast. M&T Bank might be a fit if you live near a location and qualify to waive monthly fees. With an M&T CD , you can choose a fixed or variable rate CD — most banks only offer fixed-rate CDs. See Insider's picks for the best CD rates » Table of Contents: Masthead Sticky Is M&T Bank a good fit? You might like banking with M&T if you: You might not like banking with M&T if you: Live near a branch Don't have much money to open a savings account Are looking for savings and checking accounts that make it easy to waive monthly fees Want several options for checking accounts Want to earn a competitive APY on your money market account for the first three months Don't live near a branch Want to earn a high APY on your savings account Don't have $1,000 to open a CD Don't have at least $10,000 to get the most out of a money market account Find M&T Bank's rules about earning interest with the money market account to be confusing The bottom line: M&T Bank is a solid option if you live near a branch and prefer in-person banking to online banking.
M&T Bank Enlists Point Predictive’s Powerful Outsourced Fraud Mitigation to Keep Auto Loan Risk at Bay 2021/01/27 14:47:00 Business Wire
SAN DIEGO--(BUSINESS WIRE)--M&T Bank is partnering with Point Predictive to provide frictionless fraud detection capabilities that seamlessly integrate into the customer journey.
M&T Bank (NYSE:MTB) Posts Quarterly Earnings Results, Beats Expectations By $0.49 EPS 2021/01/22 21:58:41 Transcript Daily
M&T Bank (NYSE:MTB) issued its quarterly earnings data on Wednesday. The financial services provider reported $3.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.03 by $0.49, MarketWatch Earnings reports. M&T Bank had a net margin of 21.49% and a return on equity of 9.45%. During the same quarter […]
M&T Bank numbers crunched for you before earnings results Stock market Insights & financial analysis 2021/01/21 15:10:00 Stock Market Daily
M&T Bank announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
Earnings Scheduled For January 21, 2021 2021/01/21 09:13:42 Benzinga
Companies Reporting Before The Bell • Home BancShares (NASDAQ: HOMB ) is projected to report quarterly earnings at $0.40 per share on revenue of $172.08 million. • Banc of California (NYSE: BANC ) is likely to report quarterly earnings at $0.18 per share on revenue of $58.16 million. • BankUnited (NYSE: BKU ) is expected to report quarterly earnings at $0.70 per share on revenue of $225.30 million. • KeyCorp (NYSE: KEY ) is likely to report quarterly earnings at $0.43 per share on revenue of $1.71 billion. • LSI Industries (NASDAQ: LYTS ) is likely to report quarterly earnings at $0.06 per share on revenue of $76.00 million. • M&T Bank (NYSE: MTB ) is estimated to report quarterly earnings at $3.03 per share on revenue of $1.46 billion. • Sandy Spring Bancorp (NASDAQ: SASR ) is estimated to report quarterly earnings at $0.93 per share on revenue of $105.87 million. • Truist Financial (NYSE: TFC ) is likely to report quarterly earnings at $0.97 per share on revenue of $5.41 billion. • Union Pacific (NYSE: UNP ) is expected to report quarterly earnings at $2.
New Wilmington Trust Business Owners Outlook Reveals Surprising Levels of Optimism Among Owners and Plans for Growth 2020/10/29 12:15:00 PR Newswire
WILMINGTON, Del., Oct. 29, 2020 /PRNewswire/ -- A new survey from Wilmington Trust, in collaboration with experts from its parent company M&T Bank, finds that nearly 9 in 10 business owners (89%) are confident they can achieve their long-term business goals. They also remain optimistic…
M&T Bank (NYSE:MTB) Posts Earnings Results, Beats Estimates By $0.14 EPS 2020/10/23 14:16:41 The Olympia Report
M&T Bank (NYSE:MTB) posted its quarterly earnings results on Thursday. The financial services provider reported $2.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.14, Briefing.com reports. M&T Bank had a return on equity of 10.22% and a net margin of 22.36%. During the same period in the prior […]
M&T Bank (NYSE:MTB) Announces Quarterly Earnings Results, Beats Estimates By $0.14 EPS 2020/10/23 13:24:50 The Olympia Report
M&T Bank (NYSE:MTB) issued its quarterly earnings data on Thursday. The financial services provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.63 by $0.14, Briefing.com reports. M&T Bank had a return on equity of 10.22% and a net margin of 22.36%. During the same quarter in the previous […]
M&T Bank (NYSE:MTB) Stock Price Up 5.7% 2020/10/22 19:37:05 US Banking News
M&T Bank Co. (NYSE:MTB) rose 5.7% during mid-day trading on Thursday . The stock traded as high as $105.46 and last traded at $104.68. Approximately 1,279,650 shares changed hands during mid-day trading, an increase of 40% from the average daily volume of 911,364 shares. The stock had previously closed at $99.03. MTB has been the […]
M&T Bank Corporation Announces Third Quarter Results 2020/10/22 10:37:00 PR Newswire
BUFFALO, N.Y., Oct. 22, 2020 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) today reported its results of operations for the quarter ended September 30, 2020. GAAP Results of Operations. Diluted earnings per common share measured in accordance with generally accepted accounting…