Morgan Stanley just made this sleeper bank stock its top pick after it passed the most recent stress test with flying colors
Briefly

M&T Bank (MTB) excelled in the Federal Reserve's stress test, moving to the top position among midcap banks according to Morgan Stanley, with praise for its underwriting quality and capital strength.
Morgan Stanley's equity analyst noted M&T's potential for trading at a premium compared to peers due to its underwriting quality, favorable rate environment, and excess capital.
Read at Fortune
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