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M&T Bank Corp Trims Stake in Block, Inc. $XYZ
M&T Bank Corp significantly reduced its stake in Block, Inc. (NYSE:XYZ) by 74.3% in the fourth quarter, selling 24,705 shares and retaining 8,559 shares valued at $557,000. Block exceeded EPS estimates for the quarter, reporting $0.65 against an expected $0.26, with revenue reaching $6.25 billion, a 3.6% year-over-year increase. The company holds a “Moderate Buy” consensus rating from analysts, with an average price target of $82.78.