M&T Bank Corp
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Can These 4 Banking Giants Make You Money?
By Bill Edson - May 20, 2013 | Tickers: ALFI, C, JPM, MTB
JPMorgan Chase (NYSE: JPM), Ally Financal (NASDAQOTH: ALFI), Citigroup (NYSE: C), and M&T Bank (NYSE: MTB) are among the nation's top banks that have survived recessions of the past and pledge to protect their customers through good and the bad. While these banks have a history as America's banks, it is unclear whether they have futures as bright as their pasts. Should you keep your accounts active more »
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Don't Stress, This Is A Short-Term Issue
By Chad Henage - March 22, 2013 | Tickers: BAC, BBT, JPM, MTB
I was surprised when I read that BB&T (NYSE: BBT) didn't pass the Fed's recent round of stress tests. I've pounded the table for BB&T multiple times, and recently described it as “Still The Best Bank In Town.” However, in typical fashion, investors assumed the worse and sold shares. Granted, the drop in price wasn't that severe, but the stock is still down nearly more »
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Beating Buffett? It’s Possible With "2nd-Place" Stocks
By Michele Tatum - March 4, 2013 | Tickers: BRK-A, KO, CL, HNZ, MTB, NTRS, PEP, PG, BK, USB, WFC
It is not a stretch to call Warren Buffett the greatest value investor of all time. Buffet’s personal fortune of more than $50 billion confirms as much as do the latest batch of quarterly results out of his financial conglomerate, Berkshire Hathaway (NYSE: BRK-A).
Last week, the company said its fourth-quarter net income surged 49% to $4.55 billion. Even after Berkshire’s $12 billion commitment to the $23 more »
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Still The Best Bank In Town
By Chad Henage - February 15, 2013 | Tickers: BBT, MTB, PNC, USB
Whether the sector is currently in favor or not, I firmly believe every investor should have some exposure to the banking industry in their portfolio. Traditional banks are the lifeblood of the economy, and in normal times pay good dividends, and have decent earnings growth. However, the last few years have been anything but “normal”. For a bank to outperform its peers is quite a feat in the current environment, and BB&T (NYSE: BBT) has been on quite a run over the last year or so.
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2 Problems That Could Derail This Huge Growth
By Chad Henage - February 13, 2013 | Tickers: BBT, MTB, PNC, STI
Just like the team they represent, M&T Bank (NYSE: MTB) is off to a great start in 2013. As the official bank of the Baltimore Ravens, both the team and the bank have a lot to squawk about. The Ravens of course won the Superbowl, and M&T should win some sort of trophy for their recent results. However, even though the bank's earnings were generally impressive, there are two issues that investors need to keep an eye on.
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Excellent Results, 1 Change Would Make Them Better
By Chad Henage - February 13, 2013 | Tickers: BBT, MTB, PNC, USB
It's hard to argue with revenue growth of 15% and EPS growth of more than 45%. However, I'm going to make the argument that PNC Bancorp (NYSE: PNC) is doing its investors a disservice. The company is making a choice right now that is hurting results and it just doesn't make sense.
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Time For This Bank To Get Serious
By Chad Henage - February 13, 2013 | Tickers: BBT, MTB, PNC, STI
It's a natural instinct to try and hold things together in whatever way possible when a company goes through a rough patch. Having worked in a bank for over 10 years, I know that there were times the bank “suggested” that we cut certain expenses, or that raises were either impossible or very small because of the trying economic environment. That being said, we knew that our day to day work did make a difference to the bottom line of the company, and that eventually things would turn around. Some banks have a hard time getting out of this “survival” mode, and I'm afraid that's exactly what's going on at SunTrust (NYSE: STI).
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Banking Competition Likely to Heighten With This Merger
By Mike Thiessen - February 12, 2013 | Tickers: HCBK, MTB, PBCT
In late August of 2012, Buffalo, New York-based M&T Bancorp (NYSE: MTB) announced its intention to purchase Jersey City, New Jersey-based Hudson City Bancorp (NASDAQ: HCBK) in a cash-and-stock deal valued at approximately $3.7 billion. The deal now appears likely to go through during the second quarter of 2013. Although it is subject to a customary regulatory investigation as well as approval votes by shareholders from both companies more »
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Why Banking Stocks Are an Attractive Buy!
By Somnath Banik - February 11, 2013 | Tickers: HCBK, JPM, MTB
In 2013 getting into banking stocks will be a smart decision as the U.S. economy is undergoing strong recovery and the consistently declining jobless rates coupled with the rebounding housing nidustry are good indications of the growth prospects for the banking industry. Banks are valued below historical norms and the worst of the new financial regulations are already done. Well known analyst Dick Bove believes Bank earnings could hit more »
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3 Highly Profitable Bank Winners And Losers For 2013
By Maxwell Fisher - February 8, 2013 | Tickers: MTB, BPOP, USB
It is probably the case that none of us will ever have a clear look at the actual risks being born via exotic instruments at our nation's largest banks. After all, while JPMorgan was losing in excess of $6 billion dollars in a series of bad trades in 2012, it maintained that its daily value at risk was never higher than $129 million. Any time I discuss the largest more »
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Why Keycorp, the Beaten Down Stock, Is a Good Buy at This Level?
By Shas Dey - January 16, 2013 | Tickers: FRC, HBAN, KEY, MTB, ZION
Banks took the worst hit in the financial crisis of 2008-2009 when it came to light that they did not adhere to established standards for loan underwriting and their exotic and creative products turned out to be nothing more than greed-oriented fancy schemes.
However, after three years and government bail-outs and some restructuring, some welcome stories are unfolding in the banking sector, particularly in regional banks. KeyCorp (NYSE: KEY), the more »
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As Big Banks Are Scrutinized, Look To These Regionals
By Maxwell Fisher - January 10, 2013 | Tickers: BXS, FBC, JPM, MTB, WFC
I have followed the banking industry, and regional banks in particular, most of my adult life. I liked regional banks in particular because I believed I understood how they earned money. They took in cheap depositor cash, and loaned out that money in mortgage, credit card, and commercial loans to create generous net interest income. They supplemented that with modest fee income from those credit cards, mortgage applications, and the more »
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4 Large Regional Banks To Follow Closely
By Maxwell Fisher - December 31, 2012 | Tickers: MTB, PNC, RF, RY, WFC
I have long had a fondness for PNC Financial (NYSE: PNC), now the nation's sixth largest bank by assets. It never had a losing year in the recession, and instead of retreating as many a bank has since late last decade, it instead has grown, largely through acquisitions. PNC's stock price has languished through 2012, as it was essentially flat in a year where banking and financial ETF more »
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Warren Buffett’s Favorite Financial Stocks
By Meena Krishnamsetty - December 4, 2012 | Tickers: AXP, MTB, BK, USB, WFC
Berkshire Hathaway’s 13F filing for the third quarter of 2012 showed that the financial sector was Warren Buffett’s favorite area to invest in last summer; Berkshire had more capital invested in financial stocks than in any other sector. See the full list of stocks Berkshire reported owning. We have gone through the filing and picked out the holding company’s five largest positions in financials by market value more »
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High-Yield Opportunity or the Next Dividend to Go?
By Chad Henage - November 27, 2012 | Tickers: BBT, MTB, NYCB, USB
I've been accused in the past of manipulating numbers to meet my thesis, but usually in investing, the numbers are what they are. In a recent article by John Maxfield on Fool.com, he extolled the virtues of New York Community Bancorp (NYSE: NYCB). Almost anyone can spot the main reason many investors might consider NYCB, and that is their dividend of nearly 8%. However, if there is anything that the last several years have taught investors, it is don't assume all dividends are created equal. In addition, though an 8% yield is attractive, that is just one of the reasons to consider a stock.
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Gas Up Your Portfolio With Banks
By AnnaLisa Kraft - November 16, 2012 | Tickers: FNB, FCF, MTB, SUSQ
Regional banks may be the best way to play natural gas. Why? Two words. Marcellus and Utica. The areas of the Utica and Marcellus Shale regions are attracting banks to expand and offer their Wealth Management services to newly rich landowners and royalty rights owners in Pennsylvania, West Virginia, Ohio, and New York. Very much like the oil and pipeline boom that built up the Oklahoma and Texas banks with more »
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Job Cuts Are Probably Coming To This Bank
By Chad Henage - November 15, 2012 | Tickers: BAC, BBT, MTB, PNC
PNC Financial Services (NYSE: PNC) seems destined to do some cutting of personnel. The bank acquired RBC Bank, and since the acquisition, the company's results have left something to be desired. In the bank's recent quarter it was more of the same. PNC is showing good growth when you add in the RBC acquisition, but until it has been a year or more, investors won't know whether this will add to organic growth. The one thing that seems relatively certain is that the bank will need to trim expenses to match their competition's growth, and to do this some tough decisions must be made.
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Analysts are Underestimating This Bank
By Chad Henage - November 13, 2012 | Tickers: BBT, MTB, PNC, USB
In the banking industry, there are several banks that have so many divisions and different units that reading their earnings reports alone is a tedious exercise. This is one reason I was positively surprised looking through M&T Bank's (NYSE: MTB) recent quarterly report. The company essentially reports the numbers that investors need without splitting the information into a thousand divisions. After all, in the banking industry it really more »
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The Best Bank In Town
By Chad Henage - November 7, 2012 | Tickers: BBT, MTB, PNC, STI
I've argued several times in the past that BB&T (NYSE: BBT) might be, “The Best Big Bank”, but it seems unless you're a customer almost no one is paying attention. In fact, if you ask most people for the names of the largest banks normally you'll hear companies like Bank of America, Wells Fargo, or J.P. Morgan & Chase. BB&T is actually one of the largest financial institutions in the country, and every quarter the bank seems to report strong results to no fanfare. If you've never heard of the company, or you have any doubts about its performance, let me walk through the bank's recent earnings and I'll show you what I mean.
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Warren Buffett Holds This Banking Stock, Should Investors Follow?
By Meena Krishnamsetty - October 3, 2012 | Tickers: BBT, FULT, MTB, SUSQ, VLY
From “The Wizard” to “the Oracle of Omaha,” Warren Buffett is a man that is known by many names in the financial world. While most amateur Buffettologists are likely aware of the iconoclast’s investments in industry stalwarts like Kraft Foods or Coca-Cola, they might have missed his mid-sized position in M&T Bank Corporation (NYSE: MTB). At the end of the second quarter, Buffett’s 13F filing with the more »
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