M&T Bank, Pinnacle and Commerce Bancshares Stocks Drop After Moody's Downgrades Regional Banks

M&T Bank, Pinnacle and Commerce Bancshares Stocks Drop After Moody's Downgrades Regional Banks

Upworthy

Published

Moody's Investors Service cut the credit ratings of 10 U.S. regional banks and said it was reviewing the ratings of six other institutions, pointing to lower profits and higher funding costs. Shares of M&T Bank (MTB), Pinnacle Financial Partners (PNFP) and Commerce Bancshares (CBSH)—among the…

#mtbank #mtb #pnfp #commercebancshares #moody #bankofnewyorkmellon #bk #northerntrust #ntrs #statestreet

Full Article