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New York-based M&T Bank Corporation (MTB) operates as a bank holding company, providing retail and commercial banking, trust, wealth management, and investment services. With a market cap of $27.9 billion, M&T Bank operates through Commercial Bank, Retail Bank, and Institutional Services and Wealth Management segments.
The banking major has outperformed the broader market over the past year. Over the past 52 weeks, MTB stock gained 34.1%, outpacing the S&P 500 Index’s ($SPX) 26.1% returns. In 2024, MTB is up 24.3% compared to SPX’s 17.2% gains on a YTD basis.
