Is M&T Bank Stock a Buy?
The roughly $125 billion-asset M&T Bank Corporation (NYSE: MTB) is a large regional bank headquartered in Buffalo, New York that mainly operates in the mid-Atlantic region. The bank has performed incredibly well over the last decade, with its stock rising from about $67 per share at the beginning of 2010 to almost $170 per share at the end of 2019, delivering more than 150% growth in the decade.
Unfortunately, the novel coronavirus pandemic has hit some of the bank's main business areas such as New York incredibly hard, making this stock a tricky potential investment.
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Source Fool.com
