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Stock Market & Financial Investment News

News Breaks
February 12, 2014
08:59 EDTMTBM&T Bank issues revised FY13 results based on litigation settlement
M&T Bank reported that on February 10, it reached a settlement in the previously disclosed matter of Mennen, et al v. Mennen, Wilmington Trust Company, et al that was scheduled for a trial to commence yesterday in the Delaware Chancery Court. Following that settlement, M&T recognized an increase to its reserve for litigation as of December 31, 2013 of $40M that reduced net income from that which M&T reported on January 17 by $24M. The impact on diluted earnings per common share was 18c for each of the quarter and the year ended December 31, 2013.
News For MTB From The Last 14 Days
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July 21, 2014
10:02 EDTMTBOn The Fly: Analyst Upgrade Summary
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06:02 EDTMTBM&T Bank upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette upgraded M&T Bank to Outperform with a $141 price target.
July 17, 2014
08:06 EDTMTBM&T Bank reports Q2 adjusted EPS $2.02, consensus $1.09
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