Investing.com - M&T Bank reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
M&T Bank announced earnings per share of $3.45 on revenue of $1.46B. Analysts polled by Investing.com anticipated EPS of $3.65 on revenue of $1.49B.
M&T Bank shares are down 0% from the beginning of the year and are trading at $135.04 , down-from-52-week-high.They are under-performing the SMI which is up 12.45% 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 JPMorgan on July 13, who reported EPS of $3.78 on revenue of $31.4B, compared to forecasts EPS of $3.2 on revenue of $29.97B.
UnitedHealth had beat expectations on July 15 with second quarter EPS of $4.7 on revenue of $71.32B, compared to forecast for EPS of $4.43 on revenue of $69.51B.
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