DJ M&T Bank Corp. Stock Underperforms Wednesday When Compared To Competitors
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Shares of M&T Bank Corp. $(MTB)$ shed 0.47% to $191.14 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.16% to 5,918.25 and the Dow Jones Industrial Average rising 0.25% to 42,635.20.
This was the stock's second consecutive day of losses.
M&T Bank Corp. closed $34.56 short of its 52-week high ($225.70), which the company achieved on November 25th.
The stock underperformed when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. $(JPM)$ fell 0.02% to $243.13, $Bank of America Corp(BAC-N)$. $(BAC.SI)$ rose 0.28% to $46.21, and Wells Fargo & Co. $(WFC)$ fell 0.03% to $71.57.
Trading volume (1.1 M) eclipsed its 50-day average volume of 1.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled January 8, 2025.
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(END) Dow Jones Newswires
January 08, 2025 17:02 ET (22:02 GMT)
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