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New York-based M&T Bank Corporation (MTB) operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association. Valued at a market cap of $36.7 billion, the company operates through three segments: Commercial Bank, Retail Bank, Institutional Services and Wealth Management.
Shares of this bank have significantly outperformed the broader market over the past 52 weeks. MTB has soared 75.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 32.1%. Moreover, the stock is up 61%, compared to SPX’s 26.2% gain on a YTD basis.