Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Sept 18 (Reuters) - M&T Bank Corp MTB.N:
M&T BANK DECREASES PRIME RATE
M&T BANK CORP - TO DECREASE PRIME LENDING RATE TO 8.00% FROM 8.50%
Source text for Eikon: (Full Story)
Further company coverage: MTB.N
Updates
** U.S. regional banks gain in afternoon trading after Federal Reserve lowers interest rates by 50 basis points, kicking off what is expected to be a steady easing of monetary policy
** KBW Regional Banking index .KRX, a key benchmark to track investor sentiment toward the sector, gains 2.7%; SPDR S&P Regional Banking ETF up ~2.5%
** Among individual movers, US Bancorp USB.N, Fifth Third Bancorp FITB.O, M&T Bank MTB.N, Keycorp KEY.N and Western Alliance WAL.N rise between 1.7% and 4%
** Regional lenders expected to benefit as Fed lowers rates, driven by recovery in loan demand and normalization of elevated deposit costs
** Investor sentiment toward the sector had taken a hit after three major players collapsed in early 2023, in part due to higher rates racking up unrealized losses on their loan books
** The worries returned earlier this year, when New York Community Bancorp NYCB.N reported a surprise loss and cut its dividend due to pressure on its commercial real estate loan book; the bank's stock, which is expected to benefit from lower rates, last up 2.3%
** Meanwhile, major U.S. banks also up in volatile trading after Fed decision; KBW Bank index .BKX - tracking large-cap banks - last trading ~1% higher
** .KRX up ~7% YTD, including session moves, underperforming broader markets
(Reporting by Jaiveer Singh Shekhawat and Manya Saini in Bengaluru)
** Shares of regional U.S. lenders up after Federal Reserve cut benchmark interest rate for the first time in four years
** US Bancorp USB.N, Fifth Third Bancorp FITB.O, M&T Bank MTB.N, Keycorp KEY.N, Western Alliance WAL.N rise between 0.3% and 1.6%
** KBW Banks Index .BKXup 0.2%
** Rate cut is expected to reignite the loan demand and deals activity which will take away the heat off from rising deposit costs for these lenders that even led to several bank runs
** Fed cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy
(Reporting by Jaiveer Singh Shekhawat in Bengaluru)
Valued at a market cap of operates in the financial services sector. The Buffalo, New York-based company offers a broad array of retail and commercial banking products through its various segments, catering to both individual and commercial clients.
Companies valued at $10 billion or more are generally considered “large-cap” stocks, and M&T Bank fits this criterion perfectly. M&T Bank is known for its extensive regional presence with over 1,000 branches and its significant community involvement, including naming rights for prominent sports and university venues.
However, MTB saw a 1.5% pullback from its 10.5% gain over the same period.
Over the longer term, MTB's stock is up 26.8% on a YTD basis, outpacing XLF's 20.6% gains. Additionally, MTB's shares have returned 34.4% over the past 52 weeks, while XLF has increased 30.2% during the same period.
To confirm the bullish price trend, MTB's stock has been trading above its 50-day and 200-day moving averages since November last year despite some fluctuations.
M&T Bank has outperformed due to strong credit recoveries, improved credit quality, and ongoing loan growth despite muted deposit growth. Moreover, the stock rose 1.7% on Jul. 18 after the company reported stronger-than-expected Q2 adjusted EPS of $3.79 and revenue of $2.3 billion, coupled with a raised forecast for annual net interest income. The upbeat performance, driven by anticipated Federal Reserve rate cuts and plans to resume $200 million in share repurchases, bolstered investor confidence.
MTB has outperformed its rival, Bank of America Corporation on a YTD basis, with BAC stock rising 17.5%. But, BAC's shares have jumped 37.1% over the past 52 weeks, outperforming MTB over the same time frame.
Despite the stock’s strong price action, analysts are cautiously optimistic about its prospects. The stock has a consensus rating of “Moderate Buy” from the 21 analysts covering it, and the mean price target of $184.60 indicates a premium of just 6.2% to current levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.