BUZZ-M&T Bank shares fall as third-quarter interest income misses expectations

October 16 - ** M&T Bank (MTB.N) shares fell 1.21% to $216.01

** The company reported net interest income for the third quarter of $1.79 billion, below analysts' expectations of $1.82 billion, according to data compiled by LSEG

** MTB reported net profit attributable to common shareholders for the third quarter of $732 million, above analysts' expectations of $717.29 million

** The current price-earnings ratio of the stock is 10.57 times the expected earnings per share for the next 12 months, higher than the sector median of 10.18 times

** Of 22 brokerages, 7 rate the stock as “buy” or higher, 14 rate it as “hold” and 1 rates it as “sell”; the median target price is $250, according to data compiled by LSEG

** Taking into account the day’s movement, MTB is up nearly 8% so far this year

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