The Relative Strength (RS) Rating for M&T Bank climbed into a new percentile Friday, with an increase from 77 to 81.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating of above 80 in the early stages of their moves.
M&T Bank is building a consolidation with a 225.70 buy point. See if it can clear the breakout price in heavy trade.
The company showed 10% EPS growth in the latest quarterly report. Sales increased 2%. The company is expected to report its latest numbers on or around Jul. 16.
M&T Bank holds the No. 28 rank among its peers in the Banks-Northeast industry group. Capital Bancorp, The Bancorp and Unity 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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