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24/7 Wall St.: The 7 Safest Banks in America

4. M&T Bank Corporation

M&T Bank Corporation (NYSE: MTB) is based in Buffalo, New York and now has more than $79 billion in assets. Excluding any small purchases made recently, M&T had nearly 700 branches, 2,000 ATMs and a presence in eight states. The market cap is $10.12 billion, its P/E ratio is 12.7, and its price-to-book value is only 1.07. M&T has a return on equity of 9.5% and pays out a dividend of 3.5% to common stockholders. The stock is trading just north of $80 a share, but analysts have set a target price of about $90. Berkshire Hathaway Inc. (NYSE: BRK-A) owns almost 5.4 million M&T Bank common shares worth more than $400 million.

(AP Photo/ Matt Houston)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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