Why Shares of M&T Bank Are Rising Today

Shares of M&T Bank (NYSE: MTB) traded as much as 11.3% higher Wednesday morning after it reported earnings results for the first quarter. As of 1:53 p.m. ET, the stock was trading up by 8.3%.

For the quarter, the large regional financial institution reported diluted earnings per share of $2.62 on revenue of roughly $1.45 billion. Earnings easily beat analysts' consensus expectations, while revenue was in line with estimates.

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Source Fool.com