M&T Bank Corporation (MTB) has risen sharply, recording gains of 1.63% in the past 4 weeks. However, the stock has corrected -3.85% in the past 1 week, providing a good buying opportunity on dips. M&T Bank Corporation (MTB) : During the past 4 weeks, traders have been relatively bearish on M&T Bank Corporation (MTB), hence the stock is down -4.8% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.43% relative to the S&P 500.
M&T Bank Corporation (NYSE:MTB): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $113.09 and $112.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $114.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $114.48, notching a gain of 1.55% for the day. The total traded volume was 1,024,965 . The stock had closed at $112.73 on the previous day.
The stock has recorded a 20-day Moving Average of 1.03% and the 50-Day Moving Average is 1.68%. M&T Bank Corporation has dropped 3.26% during the last 3-month period . Year-to-Date the stock performance stands at -4.33%.
M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.). The Companys segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit, lending, cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities, loans and other assets, and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches, and 1,600 automated teller machines.