DJ M&T Bank Corp. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains
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Shares of M&T Bank Corp. $(MTB)$ inched 0.19% higher to $139.30 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.06% to 37,775.38 and the S&P 500 Index falling 0.22% to 5,011.12.
This was the stock's second consecutive day of gains.
M&T Bank Corp. closed $8.93 short of its 52-week high ($148.23), which the company reached on December 14th.
The stock underperformed when compared to some of its competitors Thursday, as JPMorgan Chase & Co. $(JPM)$ rose 0.65% to $181.25, $Bank of America Corp(BAC-N)$. $(BAC.SI)$ rose 1.53% to $35.77, and Wells Fargo & Co. $(WFC)$ rose 2.73% to $58.74.
Trading volume (715,353) remained 440,387 below its 50-day average volume of 1.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 18, 2024.
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(END) Dow Jones Newswires
April 18, 2024 17:07 ET (21:07 GMT)
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