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M&T Bank reported strong earnings despite major investors selling off shares.
Several institutional investors have reduced their holdings in M&T Bank, including Bank of Montreal Can and Invesco Ltd., by selling shares in the fourth quarter.
Despite these sales, M&T Bank reported strong earnings, beating estimates with $3.92 per share, and has a market cap of $25.6 billion.
The bank's financial metrics, including a current ratio of 0.98 and a debt-to-equity ratio of 0.47, indicate a stable financial position.
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El M&T Bank informó de fuertes ganancias a pesar de que los principales inversores vendían acciones.