Headquartered in Buffalo, New York, M&T Bank Corporation (MTB) is a $140 billion asset holding company and parent to M&T Bank. MTB has offices located throughout the Northeastern United States. Specifically, the bank has 785 branches located in Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, and a few other states.
While MTB is more of your classical “loans and deposits” type community banks, relative to super regional peers, it does have a strong wealth management presence associated with its Wilmington Trust business. While most other banks focus on growth first, I believe MTB is more focused on sound credit quality above all else. As one can see from the charts below (under “Credit Analysis”), the bank did quite well during the last recession in terms of credit pain.
As one can see from the valuation chart below, the current valuation (in terms of Price to Tangible
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BOCA RATON, Fla., Oct. 12, 2020 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it will report its third quarter 2020 financial results after the market closes on Wednesday, November 4, 2020. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, and Christopher Towers, Chief Accounting Officer, the following day, Thursday, November 5, 2020 at 8:30 am ET. The live conference call can be accessed by dialing (877) 303-6993 or (760) 666-3611.
A live webcast of the call and the corresponding presentation will be available in the ‘Events & Presentations’ section of the Investor Relations portion of Newtek’s website at http://investor.newtekbusinessservices.com/events-and-presentations. A replay of the webcast with the corresponding presentation
The butcher’s bill will be revealed by U.S. airlines Tuesday when Delta leads off the (now euphemistically named) third quarter “earnings” report season. And the only question is not whether, but by how much will the third quarter rank as the single worst in industry history?
Based on analysts’ current consensus estimates the Big Four U.S. carriers – Delta, American, United and Southwest – are expected to lose almost $8.5 billion combined in the quarter on a pre-tax operating basis. Throw in proportionately similar, albeit much smaller losses from the rest of America’s airlines, plus taxes, write-offs and other below-the line losses
This year has gusted through like a whirlwind, and the holidays will be here before you know it. Has your business adapted to the Covid-19 crisis and proactively prepared for the last quarter of 2020? Whether the fourth quarter is typically your busiest or your slowest,this year is a completely different ball game, so it’s vital that you evaluate how to prepare for the upcoming season and take steps so that you can finish strong.
Planning ahead is one thing you can do to help make sure your business thrives this fourth quarter. Even if your business has been operating in “panic mode”,it’s important to take the time to step back, evaluate, and plan ahead.
Want to have a lucrative fourth quarter? Consider the following:
Reset Goals. It’s very important to make sure your income and revenue goals are clear. Take the current crisis into consideration and check to see
NEW YORK (Reuters) – While good business news has been in short supply, investors may take slight comfort in coming weeks from U.S. corporate earnings that are likely to be bad, but not as bad as they have been.
Analysts expect third-quarter S&P 500 earnings to have fallen 21% compared with the year-ago quarter, a big improvement from second-quarter’s 30.6% drop that was most likely the low point for earnings this year because of coronavirus-fueled lockdowns, according to IBES data from Refinitiv.
Earnings reporting will get rolling next week with results from some of the big U.S. banks, likely impacted by near record low interest rates and the pandemic-induced recession. JPMorgan & Co. JPM.N and Citigroup C.N both