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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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January 21, 2015
17:04 EDTMTBBroadridge to acquire trade processing business from M&T Bank unit
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January 20, 2015
08:17 EDTMTBM&T Bank reports Q4 EPS ex-items $1.95, consensus $1.94
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