M&T Bank is a US regional bank with around $220 billion in assets as of the end of the second quarter of 2026. Headquartered in Buffalo, New York, the bank’s footprint is mostly concentrated in New England and the US Mid-Atlantic. M&T Bank boasts a community banking approach, and boasts over 900 branches in 13 states and Washington, D.C. Apart from retail and commercial banking, M&T Bank also has wealth management operations through Wilmington Trust and a partnership with LPL Financial, and a corporate trust business.

Headquartered in Buffalo, New York, M&T Bank Corp. is a bank holding company that operates branch offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. The company was founded in 1856. The firm has around 22,000 employees.

Earnings season kicks into high gear this week, with headliners that include several of the Mag7. Last week, the Dow Jones Industrial Average ended down 1%, the S&P 500 lost 2%, and the Nasdaq shed 3%. Year to date, all three indices are in positive territory. The DJIA is up 8%, the S&P 500 is higher by 9%, and the Nasdaq has popped 10%. Earnings season is in its second week and the range of industries represented is expanding. Headliners include Novartis, Charles Schwab, 3M, Northrop Grumman, and General Motors on Tuesday; Alphabet, Tesla, Philip Morris, IBM, and AT&T on Wednesday; Intel, Union Pacific, Lockheed Martin, and Comcast on Thursday; and American Express and Verizon on Friday. Only 10% of S&P 500 companies had reported as of Friday. Earnings so far are up 26% from last quarter, with the Financial sector most heavily represented. The economic calendar is quiet this week. Turning to economic data and forecasts, gas prices ticked up last week, rising eight cents to an average of $3.86 per gallon for regular gas. Meanwhile, the Atlanta Fed GDPNow forecast for 2Q GDP is 1.7%, up from 1.3% last week but down from 3.0% a few weeks ago. The Cleveland Fed Inflation Nowcast calls for CPI of 3.3% for July, down from last week's estimate of 3.5%. Mortgage rates rose another six basis points last week, with the average 30-year fixed-rate mortgage now at 6.55%, according to FreddieMac. The next rate decision from the Federal Open Market Committee (FOMC) comes on July 29. Odds are at 14% for a rate hike at that meeting but have fallen since last week after better-than-expected inflation data was in the CPI and PP reports. Taking a deeper dive into performance so far in 2026, a leading industrialized global stock market index, the ETF EFA, is up 7% year to date, while the leading emerging market ETF (EEM) is up 16%. U.S. growth stocks are flat looking at ETF IWF, while value stocks (IWD) are up 17%. Crude oil prices continue to be volatile. On Friday, oil was at $81 per barrel, up 41% for the year to date. In other asset classes for the year to date, AGG bonds are down 2%, gold is down 8%, and Bitcoin is down 27%. The U.S. dollar is up 3%, tracking DXY. The VIX Volatility Index was about 18 on Friday, below its historical average of 20. Turning to sector performance, the list from first to worst so far in 2026 is Energy (+28%), Information Technology (+23%), Industrials (+16%), Real Estate (+13%), Materials (+12%), Consumer Staples (+10%), Utilities (+7%), Healthcare (+5%), Financials (+4%), Consumer Discretionary (-2%), and Communication Services (-4%).

M&T Bank is a US regional bank with around $215 billion in assets as of the end of the first quarter of 2026. Headquartered in Buffalo, New York, the bank’s footprint is mostly concentrated in New England and the US Mid-Atlantic. M&T Bank boasts a community banking approach, and boasts over 900 branches in 13 states and Washington, D.C. Apart from retail and commercial banking, M&T Bank also has wealth management operations through Wilmington Trust and a partnership with LPL Financial, and a corporate trust business.