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After the Federal Reserve's stress test, major Wall Street banks increased dividends and stock buybacks.
On Friday, the US banking industry announced an increase in dividend payouts, such as JPMorgan's plans to buy back $30 billion in stocks and Morgan Stanley receiving approval to buy back as much as $20 billion in stocks. Overnight on Friday, bank stocks rose across the board, with Citigroup rising 3.1% and Wells Fargo & Co. rising 3.43%.
RBC Capital Maintains M&T Bank(MTB.US) With Buy Rating, Maintains Target Price $160
RBC Capital analyst Gerard Cassidy maintains $M&T Bank(MTB.US)$ with a buy rating, and maintains the target price at $160.According to TipRanks data, the analyst has a success rate of 61.4% and a tota
M&T Bank's CET1 Ratio Down to 8.3%
Express News | M&T Bank Corp - M&T Expects Q2 2024 Cet1 Ratio to Be Over 11.35%.
Moody's said that interest rate cuts can alleviate the plight of the banking industry in the United States.
Many problems in the American banking industry depend on the direction of Federal Reserve interest rates.
M&T Bank Corporation Announces Preliminary Stress Capital Buffer