M&T Bank saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 77 to 82.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
History shows that the best-performing stocks tend to have an 80 or higher RS Rating as they begin their biggest price moves.
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While M&T Bank is not near an ideal buy point right now, see if it manages to form and break out of a proper chart pattern.
Taking a look at revenue and profit performance, the company has posted rising EPS growth in each of the last two reports. Revenue gains have also moved higher over the same time frame. The company is expected to release its next quarterly numbers on or around Apr. 14.
M&T Bank holds the No. 30 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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