M&T Bank Corporation

M&T Bank Corporation Beats on EPS, Stock Up 4.0%

M&T Bank Corporation reported a stronger-than-expected EPS for the fourth quarter of 2009, which led to a 4% increase in its stock price. The positive earnings surprise indicates that the bank may be managing its expenses effectively or benefiting from favorable market conditions. However, without revenue figures or management commentary, it is difficult to assess the overall health of the business.