M&T Bank's (MTB) top line gets support from increasing loan and deposit balances. However, continued investments in incentives and technology advancement keep the bottom line under pressure.
Investors will not be sad to put the first half of the year behind them, as the market has been absolutely crushed this year -- the S&P 500 is down more than 21% year to date and in bear market territory. High inflation, rising interest rates, Ukraine, and the possibility of a recession have put investors on edge and had them repositioning their portfolios and heading for the sidelines. The large and historic beverage company Coca-Cola (NYSE: KO) is up more than 6% this year.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does M&T Bank Corporation (MTB) have what it takes? Let's find out.