M&T Bank saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 63 to 79.
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating as they launch their biggest price moves. See if M&T Bank can continue to rebound and clear that threshold.
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While the stock is not near a proper buy point right now, see if it is able to form and break out from a proper base.
In terms of top and bottom line numbers, M&T Bank has posted rising EPS growth in each of the last two reports. Revenue gains have also moved higher during the same period. The company is expected to report its next quarterly numbers on or around Apr. 14.
M&T Bank earns the No. 37 rank among its peers in the Banks-Northeast industry group. Northeast Bank, The Bancorp and NB Bancorp are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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