FX.co ★ M&T Bank Announces $4 Bln Share Repurchase Program

M&T Bank Corporation (MTB) announced that its Board of Directors has sanctioned a new share repurchase program with a total authorization of up to $4 billion in M&T common stock. This initiative permits the acquisition of shares either on the open market or through privately negotiated deals. It succeeds the previous $3 billion buyback program, which was authorized in July 2022 and is set to end on January 22. At the close of trading on Wednesday, MTB shares stood at $195.60, reflecting a decrease of 1.34% or $2.66 on the New York Stock Exchange.