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M&T braces for office-related commercial real estate stress

The hotel, retail and multifamily residential sectors are all showing signs of recovery, which is helping the regional bank. But company executives acknowledged that the firm's relatively large exposure to the office segment figures to pose challenges for some time. ....

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Baystreet.ca - M&T Up on Earnings

M&T Bank (NYSE:MTB) shed earlier gains after the company posted its latest quarterly figures. M&T Bank posted adjusted earnings of $4.09 per share, beating a Refinitiv forecast of $3.99 per share. The bank’s revenue of $2.41 billion also topped a consensus . ....

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