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What is up with M&T (MTB)

What is up with M&T Bank today?

This nice article at Fortune should explain some of it:
http://money.cnn.com/2009/04/17/news/companies/reingold_mtbank.fortune/index.htm?source=yahoo_quote

The bank has been one of the most conservative you will find.  It is amazing to think that they were down to about $30 in early March.

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