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Valued at a market cap of $34.7 billion, M&T Bank Corporation (MTB) is a financial holding company whose principal banking subsidiary, M&T Bank, provides a broad range of banking products and services across the eastern United States. Its branch and ATM network spans from Maine to Virginia and Washington, D.C., and it offers trust-related services in select U.S. and international markets through Wilmington Trust-affiliated companies and M&T Bank.
Shares of the Buffalo, New York-based company have outpaced the broader market over the past 52 weeks. MTB stock has increased 20.6% over this time frame, while the broader S&P 500 Index ($SPX) has returned 18.8%. Moreover, shares of the company are up 19.8% on a YTD basis, compared to SPX’s 12.2% gain.
