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.