M&T Bank Shares Fall After Third-Quarter Profit Decline

“M&T Bank (MTB – Get Report) shares fell Thursday, after it reported that third-quarter net income fell 9% to $480 million from $526 million a year earlier” writes Dan Weil for Revenue increased, “highlighted by 28% growth in our mortgage banking businesses,” he said. Higher operating expenses reflected investments in mortgage banking and technology, he said.

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