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Stock Market & Financial Investment News

News Breaks
May 12, 2014
05:37 EDTHCBK, MTBM&T Bank upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded M&T Bank (MTB) to Buy on expectations earnings accretion from the Hudson City (HCBK) deal will top original guidance. The firm raised its price target for shares to $145 from $128.
News For MTB;HCBK From The Last 14 Days
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July 29, 2015
08:38 EDTHCBKHudson City Bancorp reports Q2 EPS 7c, consensus 1c
Reports Q2 net charge-offs $4.9M vs. $10.7M a year ago. The bank's Tier 1 leverage capital ratio was 12.14% at June 30, 2015 as compared to 11.26% at June 30, 2014. The Bank's Tier 1 risk-based capital ratio and Common Equity Tier 1 risk-based capital ratio were 32.14% at June 30, 2015. Non-performing loans decreased $50.2M to $801.8M at June 30, 2015 vs. $852.0M at December 31, 2014.
July 16, 2015
08:13 EDTMTBM&T Bank reports Q2 EPS $1.98 with items, consensus $1.98
Q2 EPS includes an after-tax gain of approximately $23M and $40M of tax-deductible cash contributions which lowered EPS by 1c. Reports Q2 loan loss provision $30M vs. $30M a year ago. Reports Q2 net charge-offs $21M vs. $29M a year ago.

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