What's Happening to the AI Rally? Billionaire Investor Stanley Druckenmiller Just Exited Nvidia and Is Now Piling Into Bank Stocks. [Yahoo! Finance]
M&T Bank Corporation (MTB)
Last m&t bank corporation earnings: 4/20 06:37 am
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Source: Yahoo! Finance
According to his 13F filing, Druckenmiller's Duquesne Family Office has taken stakes in several US banks, including Citigroup, M&T Bank, and U.S. Bancorp. This move may indicate that Druckenmiller is anticipating growing profits in the banking sector, potentially driven by a steepening yield curve and a lighter regulatory regime. While Druckenmiller remains bullish on AI, his exit from Nvidia suggests that he believes the stock has become overvalued. He has also expressed concerns about fiscal recklessness driving up long-term bond yields, which could benefit banks. Artificial intelligence (AI) stocks have been all the rage this year, climbing the charts in hockey-stick-like fashion and reaching meteoric valuations. Some expect the rally to continue as interest rates decline and the Federal Reserve engineers a soft landing for the U.S. economy, in which inflation falls and a major recession is avoided. Others, however, are concerned that scenario won't happen and that the AI marke
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MTB
News
- M&T Bank Corporation Announces Conference Call Dates to Review Quarterly 2026 Earnings and Revised Dates to Review 2025 EarningsPR Newswire
- M&T Bank Corporation (NYSE:MTB) is largely controlled by institutional shareholders who own 89% of the company [Yahoo! Finance]Yahoo! Finance
- Clara Capital Announces New Treasury Banking Relationship With M&T Bank Corporation [Yahoo! Finance]Yahoo! Finance
- Clara Capital Announces New Treasury Banking Relationship With M&T Bank CorporationBusiness Wire
- M&T Bank Corporation Announces Fourth Quarter Common Stock Dividend [Yahoo! Finance]Yahoo! Finance
MTB
Earnings
- 10/17/24 - Beat
MTB
Sec Filings
- 11/21/24 - Form 144
- 11/21/24 - Form 4
- 11/21/24 - Form 144
- MTB's page on the SEC website