UPDATE: This story now includes quotes from M&T’s chief financial officer and commentary from an analyst who covers the bank. M&T Bank outperformed second-quarter expectations, driven by a spike in noninterest income. Noninterest income at the Buffalo, New York-based company rose by 17% in the second quarter compared with the same period a year ago. […]
M&T tops estimates, eyes mergers for Northeast expansion Read More »
`UPDATE: This story now includes commentary from Wells Fargo executives and analysts. The regulatory shackles are off at Wells Fargo, but that new reality doesn’t necessarily mean that rapid growth is in the offing. Though the bank’s assets climbed above their longtime $1.95 trillion limit during the second quarter, Wells continues to be constrained by
Wells Fargo’s asset cap is gone, but loan demand stays tepid Read More »
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