M&T Bank Corp. (MTB) reported fourth quarter net income available to common shareholders of $1.04 per share Wednesday morning, compared to $0.92 last year. Net operating income came in at $1.16 per share, compared to $1.00 last year.
M&T Bank climbed during the first half hour of trade Wednesday and advanced further late in the morning. Shares finished up by $2.99 at $77.69 on the highest volume in over 7 months. The stock has been gaining ground for the past 2 weeks and set a new high for the year.
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