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Stock Market & Financial Investment News

News Breaks
March 6, 2013
08:37 EDTMTBM&T Bank says Hudson City merger accretive to earnings in 2013
The merger will be accretive to earnings in high single digits in 2014. The company expects $120M of pre-tax merger-related expenses in 2013-2014. Comments taken from slides for Citigroup U.S. Financial Services Conference.
News For MTB From The Last 14 Days
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June 24, 2015
06:37 EDTMTBDeutsche downgrades Citi, Goldman after share rallies
Deutsche Bank analyst Matt O'Connor recommends using the strong share performance of both Citi (C) and Goldman Sachs (GS) as on opportunity to take profits. The analyst this morning downgraded shares of both investment banks to Hold from Buy. Citi is up 21% from the lows on January 30 while Goldman is up 30% since July 1, 2014, the analyst points out. On Citi, O'Connor sees less near term upside with fixed income trading entering a seasonally weak period and core cost reductions largely over. On Goldman, the analyst sees a lack of catalysts to drive the stock meaningfully higher in the near term. His top picks among U.S. Banks are Bank of America (BAC), JPMorgan (JPM), M&T Bank (MTB) and SunTrust (STI).
June 23, 2015
10:00 EDTMTBOn The Fly: Analyst Upgrade Summary
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05:46 EDTMTBM&T Bank upgraded to Market Perform from Underperform at Wells Fargo
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