M & T Bank (MTB) Q3 2021 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool
·49 min read
M & T Bank (MTB) Q3 2021 Earnings Call Transcript

MTB earnings call for the period ending September 30, 2021.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • London travel news LIVE: Euston rush-hour disruption after train hits obstruction near Watford Junction

    Disruption is expected throughout the morning rush-hour on Thursday after a train crashed into an obstruction near Watford. Trains to and from Euston are among those affected. National Rail warns trains are having to run at reduced speeds on the line towards Milton Keynes Central.

  • UPDATE 1-ECB most concerned about wages, services, Schnabel says

    The final stage of getting euro zone inflation back to 2% will be bumpy and an erosion in productivity, along with high services costs, pose some of the biggest risks, European Central Bank board member Isabel Schnabel said on Thursday. Euro zone inflation has fallen more quickly in recent months than many had expected, but the ECB now fears that price growth could oscillate over the next few months, including the possibility of some significant temporary upticks. The ECB has put a special focus on wages and said that a rate cut in June could only come after first quarter data confirm that the growth in labour costs is moderating.

  • Hipgnosis' bidding war intensifies as Concord hikes offer for Shakira music owner

    Concord, a Nashville-based independent music company, late on Wednesday sweetened its bid for Hipgnosis to $1.25 per share, or about $1.51 billion, slightly higher than Blackstone's proposal of $1.24 apiece. Shares of Hipgnosis were up 1.1% at 1.028 pounds ($1.28), as the fresh offer fuels the prospect of a higher counter-bid from the world's largest private equity firm.

  • Shohei Ohtani has 3 doubles, Landon Knack gets 1st victory as Dodgers rout Nationals 11-2

    WASHINGTON (AP) — Shohei Ohtani had three doubles to improve his major league-leading batting average to .371, rookie Landon Knack got his first victory and the Los Angeles Dodgers routed the Washington Nationals 11-2 on Wednesday night. The Dodgers had a season-high 20 hits en route to their third straight victory, with Mookie Betts and Will Smith each having four hits and Andy Pages homering. Nick Senzel homered for Washington. The Nationals didn’t have a baserunner after the second inning. Oh

  • Sainsbury's boosted by strong food sales

    The UK's second largest supermarket has spent heavily to keep prices low but clothing sales fell.

  • Moulin Rouge windmill blades break off and fall into street

    A spokesperson for the venue says no-one was hurt in the incident

  • British vehicle production plunges as factories pivot to electric cars

    British car production fell by more than a quarter last month as some production lines were retooled to make electric vehicles (EVs).

  • US Supreme Court to decide if Trump has immunity in election interference case

    The top court will hear arguments on Thursday in a case that could redefine presidential power.

  • Wales school stabbing - latest: Teenage girl remains in custody after teachers and pupils stabbed

    Police and ambulance called out to Amman Valley School in Ammanford, Carmarthenshire

  • Music CEO: TikTok ban a 'blessing in disguise'

    STORY: Music label executive JP Morray is one of those who sees potential advantages to a U.S. ban on Tiktok."I do believe it will be a blessing in disguise."On Tuesday, the Senate passed a bill to get Tiktok's Chinese owner Bytedance nine months to sell the short video app - that has 170 million American users, or have it banned in the US altogether. President Joe Biden has since signed it into law. But many experts doubt if any potential buyer has the financial resources to buy TikTok, or if China and U.S. government agencies would approve a sale.Morray is CEO of Interlude Studios, which relied on TikTok to launch careers of artists like singer ASTN.He said news of the Tiktok ban didn't come as a shock. He also says most artists he spoke to were ready to move on."It didn't really come along with any major concern. I would say the concern has been relatively minor because the artists are ready to move on to what's next. I think they're a bit tired of the vanity metrics and chasing those with TikToks day in and day out."TikTok has rivaled larger tech companies like Meta for user attention and ad budgets.It's changed how young people discover music, by catapulting emerging artists into viral hits.But Morray admits the app doesn't work as well for his own venture as it used to."The actual use of TikTok and the prioritization of that tool specifically for us and for artists, while it still remains, it isn't as powerful as it once was."Aside from the ban, Tiktok's clashed with music industry giants lately.It started pulling Universal Music's content from its app in February, after failing to reach a licensing agreement with the music label.Ultimately, Morray thinks the music industry should come up with its own platform for music discovery."Obviously it will come with its difficulties initially and its hardships, how can we reach people, how can we reach wider audiences, where are people going to get their music - all of these questions will arise but I think naturally it will resolve itself."The ban caps a four-year battle the US government launched over concerns Beijing could use TikTok to influence content or access user data."Rest assured, we aren't going anywhere."Tiktok's CEO Shou Zi Chew said in a video moments after Biden signed the ban, that the video app would continue working despite restrictions, and they would fight the ban in U.S. courts on First Amendment grounds.

  • Barclays profit falls as mortgage lending and investment bank squeezed

    The bank reported a group pre-tax profit of £2.3 billion for the first three months of the year, down 12% from last year.

  • Euro zone government bond yields steady at recent highs

    Euro zone bond yields held steady near multi-month highs on Thursday after recent data suggested the European economy is picking up, and Spain's bonds traded largely in line with German peers after its prime minister suspended public duties. Germany's 10-year bond yield, the benchmark for the euro zone, was down 0.8 basis points (bps) to 2.58%. The main economic data release of the day is U.S. GDP data for the first quarter.

  • First Minister calls emergency meeting amid Green deal speculation

    The agenda is not known, but it follows speculation about the future of the power-sharing agreement with the Scottish Greens.

  • Burkina Faso army massacred 223 villagers in revenge attack - HRW

    Soldiers accused residents of aiding Islamist fighters before shooting at them, an investigation shows.

  • Single-phrase Ofsted judgements to remain

    Single-phrase Ofsted judgments will stay despite calls for them to be scrapped following the death of head teacher Ruth Perry.

  • Billie Eilish Reveals She Suffered An Identity Crisis After Dyeing Her Hair Blonde

    Billie Eillish has opened up about the psychological effect dyeing her hair blonde from black had on her in 2021, and her least favourite colour which she dyed her hair.

  • Jamie Carragher suggests Liverpool could sell Darwin Nunez after ‘unforgivable’ finishing

    Liverpool’s defeat to Everton damaged their title hopes on Wednesday, with the Uruguayan coming under scrutiny from the former Reds defender

  • Israel-Gaza – live: US demands ‘answers’ from Israel after mass graves found near hospitals

    The Israeli army said any suggestion of its responsibility for the mass graves was ‘baseless’ and ‘unfounded’

  • Russian missile damages civilian, railway infrastructure in Ukraine's Cherkasy region, air force says

    A Russian missile damaged critical infrastructure and injured six people in Ukraine's central Cherkasy region on Thursday, the regional governor said. The attack hit civilian and railway infrastructure in the city of Smila, Ukrainian Air Force spokesperson Illya Yevlash said in a television broadcast. Ukraine's air defences had shot down the aerial target, he said, adding that emergency services were working at the site.

  • What Makes PotlatchDeltic Corp (PCH) a Lucrative Investment?

    Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” first-quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, the portfolio gained +8.5% on a net basis, well above R2000V’s advance of +2.9% and above R2500V’s rise of +6.1%. The largest contribution to the […]