M&T Bank Gains After Profit Beats Analysts’ Estimates
This article is for subscribers only.
M&T Bank Corp., the lender that counts Warren Buffett’s Berkshire Hathaway Inc. among its largest shareholders, rose the most in almost a year after posting a third-quarter profit that beat analysts’ estimates.
M&T climbed 6.4 percent to $103.57 at 9:49 a.m. in New York, the most since November. Shares advanced 28 percent this year through yesterday, matching the gains of the 24-company KBW Bank Index.