M&T Bank's CET1 Capital Ratio Increased 9 Basis Points To An Estimated 11.54% At September 30, 2024, Compared With 11.45% At June 30, 2024
Portfolio Pulse from Benzinga Newsdesk
M&T Bank's CET1 capital ratio increased to 11.54% as of September 30, 2024, marking a 9 basis point rise from June 30, 2024. The bank also repurchased $200 million worth of its common stock in Q3 2024.
October 17, 2024 | 9:24 am
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M&T Bank's CET1 capital ratio increased to 11.54% as of September 30, 2024, indicating a stronger capital position. The bank also repurchased $200 million in common stock during Q3 2024.
The increase in CET1 capital ratio suggests a stronger financial position, which is positive for investors. The share repurchase indicates confidence in the bank's valuation and can lead to a higher stock price.
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