M&T Bank (NYSE: MTB) has not escaped the wrath of the COVID-19 pandemic. The bank's stock price is down 37% this year through Friday's close, hammered by low interest rates and high provision of credit losses. It has been pretty much the same story for most banks during this pandemic.
Particularly with banks -- which have been among the hardest-hit industries this year -- investors have to look beyond the short-term struggles and consider the long-term value.
Is the Buffalo-based regional bank -- the 24th largest in the country, with $139 billion in assets as of June 30 -- a good buy at today's prices?
Source Fool.com