DJ M&T Bank Corp. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of M&T Bank Corp. $(MTB)$ inched 0.69% higher to $214.74 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.32% to 5,870.62 and Dow Jones Industrial Average falling 0.70% to 43,444.99.
This was the stock's second consecutive day of gains.
M&T Bank Corp. closed $2.10 short of its 52-week high ($216.84), which the company reached on November 6th.
The stock underperformed when compared to some of its competitors Friday, as JPMorgan Chase & Co. $(JPM)$ rose 1.42% to $245.31, $Bank of America Corp(BAC-N)$. $(BAC.SI)$ rose 1.85% to $46.75, and Wells Fargo & Co. $(WFC)$ rose 2.12% to $74.34.
Trading volume (848,069) remained 319,895 below its 50-day average volume of 1.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 15, 2024.
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(END) Dow Jones Newswires
November 15, 2024 16:59 ET (21:59 GMT)
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