M&T Bank (NYSE:MTB) to Repurchase $5.00 billion in Outstanding Shares

M&T Bank (NYSE: MTB - Get Free Report) announced that its board has initiated a stock repurchase program on Tuesday, March 31st, RTT News reports. The company plans to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 16.7% of its stock through open market purchases. Stock