Tuesday, April 17, 2007

M&T Bank first-quarter profit falls 13 percent

(Reuters) - NEW YORK, April 17 - M&T Bank Corp. , whose largest shareholders include Warren Buffett's Berkshire Hathaway Inc. , on Tuesday said first-quarter profit fell 13 percent, hurt by weak demand for mortgages.

Net income for the Buffalo-based company fell to $176 million, or $1.57 per share, from $203 million, or $1.77 a share, a year earlier.


Read more at Reuters.com Market News

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