M&T Bank's CET1 Capital Ratio Increased 9 Basis Points To An Estimated 11.07% At March 31, 2024, Compared With 10.98% At December 31, 2023
Portfolio Pulse from Benzinga Newsdesk
M&T Bank's Common Equity Tier 1 (CET1) capital ratio saw an increase of 9 basis points, reaching an estimated 11.07% at the end of March 2024, up from 10.98% at the end of December 2023.
April 15, 2024 | 10:25 am
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M&T Bank's CET1 capital ratio increased to 11.07% in March 2024 from 10.98% in December 2023, indicating a stronger capital position.
The increase in M&T Bank's CET1 capital ratio is a positive indicator of its financial health and stability, suggesting a stronger capital position. This improvement is likely to be viewed positively by investors, potentially leading to a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100