Seeking Alpha: M&T Bank Is Plenty Bold, And The Street Already Likes It

With a 25-year record of doing an acquisition nearly every year, it was probably no surprise that M&T Bank (MTB) launched another deal in 2012, though the proposed acquisition of Hudson City (HCBK) is the biggest yet. This deal looks to be strongly accretive for M&T Bank over the long term, just as so many of its past deals have been. Given the bank's solid loan growth, good spread, strong expense control, and well-earned reputation for strong returns on capital, this is a top-notch bank. Sadly, it's also priced like one.

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M&T Bank Is Plenty Bold, And The Street Already Likes It