Uncertainty is part of the daily life of a US bank investor these days, but nowhere is that more true than at M&T Bank (NYSE:MTB). The east-coast company has a major presence in New York and Maryland as well as other eastern states. On the surface then, the company seemed like it would be a good fit with Hudson City Bancorp (NASDAQ:HCBK). But that once seemingly positive merger has become a nightmare for investors with regulatory hurdle after hurdle thrown up in its path. Add to this the rather disconcerting results from MTB's second quarter, and you have a recipe for a stock that is likely to struggle for a while compared with peers.
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