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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.

Sunday, January 31, 2010

M&T Bank Set New 52-Week High Wednesday

M&T Bank Corp. reported fourth quarter net income available to common shareholders of $1.04 per share Wednesday morning, compared to $0.92 last year. Net operating income came in at $1.16 per share, compared to $1.00 last year.

M&T Bank climbed during the first half hour of trade Wednesday and advanced further late in the morning. Shares finished up by $2.99 at $77.69 on the highest volume in over 7 months. The stock has been gaining ground for the past 2 weeks and set a new high for the year.

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