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Stock Market & Financial Investment News

News Breaks
February 19, 2014
06:12 EDTMTBM&T Bank upgraded to Buy from Neutral at SunTrust
SunTrust now believes M&T Bank's (MTB) acquisition of Hudson City Bancorp (HCBK) is likely to close in late 2014 and raised estimates to reflect the benefits of the acquisition. As a result, the firm upgraded shares and raised its price target to $130 from $115.
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August 28, 2014
07:24 EDTMTBLong delay for M&T, Hudson tie-up raises questions, chills mergers, WSJ says
Regulators at the Federal Reserve have held up M&T Bank's (MTB) planned $3.7B acquisition of Hudson City Bancorp (HCBK) for two years, raising questions about why it is taking so long to close the deal and potentially also making other banks afraid to do deals, said The Wall Street Journal. Reference Link

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