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Fly News Breaks for September 27, 2019
MTB
Sep 27, 2019 | 08:42 EDT
Odeon Capital analyst Richard Bove initiated M&T Bank with a Hold rating based on his view that the bank's "strategy must be rethought" and that it can revert to growing the business internally, which initially is likely to hurt earnings, or it can merge with another institution. M&T may have put itself in a position where a merger makes a great deal of sense, but his view is that the bank will seek to grow internally, Bove tells investors.
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