Brokerage income at M&T Bank increased in the first quarter, escaping the bad weather impact that seems to have hammered the banks other fee-based business lines.
In the first quarter of 2014, brokerage services generated $16.5 million in revenue, up from $15.7 million, or 5%, in the same quarter last year, the parent of the Buffalo, N.Y.-based bank announced Monday. Brokerage revenue was also up from the previous quarter, rising 4.4% from $15.8 million.
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