M&T Bank Decreases Prime Rate
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M&T Bank Corporation (NYSE:MTB) announced a decrease in its prime lending rate from 7.75% to 7.50%, effective December 19, 2024.
December 18, 2024 | 8:45 pm
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NEUTRAL IMPACT
M&T Bank is reducing its prime lending rate from 7.75% to 7.50%, which may impact its interest income and customer loan affordability.
The decrease in the prime rate by M&T Bank could lead to lower interest income from loans, but it may also make loans more affordable for customers, potentially increasing loan demand. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100