M&T Bank had its Relative Strength (RS) Rating upgraded from 68 to 71 Monday — a welcome improvement, but still below the 80 or higher score you prefer to see.
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IBD's unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest runs. See if M&T Bank can continue to rebound and hit that benchmark.
M&T Bank is trying to complete a consolidation with a 225.70 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 10% to 14%. Revenue rose from 2% to 4%.
The company earns the No. 31 rank among its peers in the Banks-Northeast industry group. The Bancorp, Capital 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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