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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News
- Jim Cramer Recommends Buying M&T Bank (MTB) Dividend Stock With 2.8% Yield [Yahoo! Finance]Yahoo! Finance
- Institutional investors in M&T Bank Corporation (NYSE:MTB) see US$1.8b decrease in market cap last week, although long-term gains have benefitted them. [Yahoo! Finance]Yahoo! Finance
- Cramer's Lightning Round: ‘M&T Bank is a buy' [CNBC]CNBC
- New $53 million affordable housing development opens in Southwest Baltimore The $53 million development includes 150 brand-new modern, affordable, and workforce rental homes. updated 0M ago [CBS News]CBS News
- M&T Bank Corporation Announces Fourth Quarter and Full-Year 2024 Earnings Release and Conference CallPR Newswire
MTB
Earnings
- 10/17/24 - Beat
MTB
Sec Filings
- 12/17/24 - Form 8-K
- 12/12/24 - Form 424B2
- 12/12/24 - Form 424B2
- MTB's page on the SEC website