Few banks are really in favor these days, as investors have largely abandoned the sector due to very weak near-term earnings growth prospects in an environment where rates will remain low for several years, credit costs are rising, and where loan demand is iffy at best for now. M&T Bank (MTB) has a well-earned reputation for conservative and healthy capital, both of which are strong positives at this point in the cycle, but with very weak core earnings growth prospects over the near term, this one could languish a while longer.
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M&T Bank Is Conservatively-Run And Undervalued, But Will Likely Struggle To Grow
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