M&T Bank reports $775 million quarterly profit
M&T Bank (NYSE:MTB) reported third-quarter 2026 net income of $775 million and diluted earnings of $5.04 per share, reflecting lower quarterly profit despite growth in loans and deposits.
M&T Bank (NYSE:MTB) reported third-quarter 2026 net income of $775 million and diluted earnings of $5.04 per share, reflecting lower quarterly profit despite growth in loans and deposits.
Tesla (NASDAQ:TSLA) shares rose 4.6% to $379 in premarket trading after the automaker unveiled a redesigned Roadster developed with SpaceX, featuring rocket-style thrusters and a 2028 production target.
Li Auto (NASDAQ:LI) announced that its chip subsidiary MHX Technology signed equity financing agreements totaling RMB1.625 billion to support semiconductor development and commercialization.
Brent crude traded at $105.48 per barrel and West Texas Intermediate at $97.40 on October 16, with both benchmarks heading for weekly gains amid tanker attacks near the Strait of Hormuz.
WaFd (NASDAQ:WAFD) reported a 22% increase in fiscal 2026 earnings per share to $3.21, with annual net income reaching $256 million.
Sysco (NYSE:SYY) reached an agreement with Teamsters Locals 630 and 848 on October 15, 2026, to end a Los Angeles strike involving warehouse workers and delivery drivers.
International Seaways (NYSE:INSW) has signed agreements to acquire Bruton in a transaction valued at approximately $370 million, adding four very large crude carriers (VLCCs) to its fleet of approximately 70 vessels.
Taiwan has blocked domestic access to Coinbase Global Inc (NASDAQ:COIN) and Kalshi Inc over suspected election betting, according to Bloomberg News.
PLS Group (ASX:PLS) signed off on a $2.5 billion expansion plan at its Pilgangoora mine in Western Australia to boost output beyond 2 million tonnes a year.
US District Judge Alvin Hellerstein rejected the request, ruling that neither argument justified reopening the case.
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