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Buffalo, NY | Local News, Weather, Traffic, Sports | WGRZ.com

How bad was Monday's stock scare? It pared $3.4 billion from WNY firms

Total market capitalization declined by $3.39 billion yesterday for the 20 publicly traded companies based in the Buffalo region.
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Dollar bills and finance and banking on digital stock market financial exchange

BUFFALO, N.Y. — Monday brought a financial bloodbath for the world’s major stock exchanges, and Western New York’s public companies were not spared from the carnage.

Total market capitalization declined by $3.39 billion yesterday for the 20 publicly traded companies based in the Buffalo region.

M&T Bank was by far the biggest loser. Its stock dropped by $16.53 per share on Monday to $108.60 at the closing bell, a drop of 13.2 percent. That means the total value of all outstanding M&T shares fell by $2.16 billion.  You can read the full article on Buffalo Business First's website