Investing.com - M&T Bank reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
M&T Bank announced earnings per share of $2.77 on revenue of $1.46B. Analysts polled by Investing.com anticipated EPS of $2.59 on revenue of $1.46B.
M&T Bank shares are down 41% from the beginning of the year and are trading at $99.03 , down-from-52-week-high.They are under-performing the S&P 500 which is up 6.34% from the start of the year.
M&T Bank follows other major Financial sector earnings this month
M&T Bank's report follows an earnings beat by UnitedHealth on October 14, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.11 on revenue of $63.79B.
JPMorgan had beat expectations on October 13 with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.
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