13 stories mentioning MTBUpdated 7d ago
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M&T Bank (MTB) has an average rating of hold and mean price target of $255.19, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Kevin J Pearson, Vice Chairman, on July 15, 2026, sold 2,000 shares in M&T Bank (MTB) for $484,000. Following the Form 4 filing with the SEC, Pearson has control over a total of 47,648 common shares of the company, with 44,107 shares held directly and 3,541 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/36270/000162828026048433/xslF345X05/wk-form4_1784230215.xmlPrice: $253.97, Change: $+5.44, Percent Change: +2.19%
M&T Bank (MTB) has an average rating of hold and mean price target of $251.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $253.87, Change: $+5.34, Percent Change: +2.15%
M&T Bank (MTB) has an average rating of hold and mean price target of $246.64, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $244.42, Change: $+2.57, Percent Change: +1.06%
Wall Street banks and smaller competitors remain attractive investment opportunities as financial institutions are set to report earnings this week, according to analysts at BofA Securities and KBW."Our conversations indicate a long bias toward bank stocks that have emerged as an island of stability in a financials sector where stocks have been rocked by fears due to (artificial intelligence) disruption risks, and the adoption of digital assets," Ebrahim Poonawala, head of North American banks research at BofA, said in a note to clients.Long-only investors and portfolio managers are looking for proof that earnings momentum will continue into 2027, he said. That would make the group a "reliable play" as investors move away from chip stocks, Poonawala said.Bank stocks so far this year have performed better than the broader market. The KBW Nasdaq Bank Index is up about 14% so far this year, compared with a 10% gain in the S&P 500 Index."While this has pushed relative multiples higher, relative valuations remain well-below long-term averages," KBW banking analyst Christopher McGratty said in a July 8 note to clients.Banking giants JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS), Wells Fargo (WFC) and Citigroup (C) are expected to release quarterly results before markets open in the US on Tuesday. Morgan Stanley (MS) reports Wednesday, followed by US Bancorp (USB) on Thursday.BofA's Poonawala said a key question for bank profitability is how firms are performing on net interest income -- the difference between the money a bank generates from interest-bearing assets such as loans and securities and the interest it pays out to depositors and lenders."Investors appear increasingly willing to tolerate modest margin pressure if banks can deliver improving NII," he said. "The key debate is whether management teams can offset deposit competition with asset repricing, loan growth, fee growth and operating leverage."Poonawala's favorite names in the banking sector are Citi, Morgan Stanley, State Street (STT), PNC Financial Services (PNC), Huntington Bancshares (HBAN) and US Bancorp. He categorized M&T Bank (MTB), Regions Financial (RF) and Fifth Third Bancorp (FITB) as "crowded relative shorts," according to the note.Investors are looking for JPMorgan, the largest US bank by assets, to guide on net interest income and trends in capital markets, he said.If JPMorgan raises its NII guidance excluding markets and says there's no incremental increase in its expense outlook, it "could trigger sustained stock outperformance," Poonawala said.KBW said it is sticking with its view that so-called universal banks -- Wells Fargo, Citi, Morgan Stanley, Bank of America, JPMorgan and Goldman Sachs -- will continue to benefit from "multi-year structural tailwinds for capital markets and capital return."Stocks that KBW recommends investors hold overweight positions in include Morgan Stanley, PNC, Popular (BPOP), Flagstar Bank (FLG) and Hancock Whitney (HWC).KBW no longer expects the Federal Reserve to cut interest rates this year and believes the year will end with a Fed funds rate of 3.75%. The yield on the 10-year Treasury bond is expected to be 4.4% through the end of 2027, up from a previous estimate of 4.2%, KBW said. Gross-domestic product growth should come in at 2.1% this year and 2% next year, with unemployment between 4.3% and 4.5%, KBW predicted."A higher-for-longer interest rate outlook is firmly entrenched in market expectations," McGratty said in his research note.Another buoyant factor for banks was IPO volumes and mergers and acquisitions, he said."Investment banking results for (the second quarter) are expected to be strong with pockets of M&A advisory fees expected to aid top-line results, though equity underwriting is expected to be the story of (the quarter), with the bulge brackets set to benefit the most following elevated issuance from mega-deals pricing during the quarter," McGratty said.Deals in the quarter included SpaceX's (SPCX) record IPO in June.Matthew Leising
Christopher E. Kay, Senior Executive Vice President, on May 07, 2026, sold 3,105 shares in M&T Bank (MTB) for $672,233. Following the Form 4 filing with the SEC, Kay has control over a total of 6,753 common shares of the company, with 6,753 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/36270/000162828026033671/xslF345X05/wk-form4_1778534485.xml
M&T Bank (MTB) has an average rating of overweight and mean price target of $233.68, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $217.40, Change: $+1.86, Percent Change: +0.86%
M&T Bank (MTB) has an average rating of overweight and mean price target of $233.92, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $219.12, Change: $+2.20, Percent Change: +1.01%
M&T Bank (MTB) has an average rating of overweight and mean price target of $233.92, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $219.12, Change: $+2.20, Percent Change: +1.01%
M&T Bank (MTB) has an average rating of overweight and mean price target of $234.03, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $217.82, Change: $+0.72, Percent Change: +0.33%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:After digesting earnings, we maintain our 12-month target price at $280, 13.1x our 2027 EPS estimate, above MTB's five-year forward P/E average of 11.0x given reductions in the bank's office portfolio. We increase our 2026 EPS view to $19.03 from $18.89 and raise 2027's to $21.41 from $21.27. We project revenues of $10.0 billion in 2026 and $10.4 billion in 2027. Our investment thesis remains intact as last year's credit concerns are subsiding. Net charge-offs have fallen to their lowest level since 2023, while forward-looking indicators, including nonaccrual loans and criticized loans, have declined steadily over the past year. These trends support our expectation that MTB will achieve record EPS in 2026 and 2027. Profitability should also benefit from MTB's more modest capital position, which we view as appropriate given reduced regulatory pressures and the company's substantial decrease in higher risk commercial real estate loans. Shares yield 2.8%.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:MTB reported solid Q1 2026 results with GAAP EPS of $4.13 vs. $3.32 a year ago, beating consensus by $0.13. Net charge-offs plunged to 31 bps from 54 bps in Q4, while nonaccrual loans fell to 89 bps, the lowest level since pre-Covid. We were encouraged by the significant credit quality improvement across all major portfolios including commercial, industrial, CRE, and consumer lending. Net interest income declined 2% Q/Q, though the underlying NIM expanded 2 bps to 3.71%, maintaining MTB's industry-leading performance as funding costs fell meaningfully to 2.33% from 2.51%. Loan growth momentum continued at 1% Q/Q, led by C&I loans (+2%), including financial services lending, while CRE declined 3% strategically. Noninterest income declined 1% Q/Q but rose 13% Y/Y, benefiting from a $33M BLG investment distribution. We continue to believe CRE contraction is nearing its end, which should benefit overall loan growth momentum in upcoming quarters.
The main US stock measures were pointing lower in Wednesday's premarket activity as traders monitor updates on the potential revival of peace talks between the US and Iran and await more bank earnings.The S&P 500, the Dow Jones Industrial Average and the Nasdaq declined 0.2% each before the opening bell. The indexes finished Tuesday trading higher, with the Nasdaq extending its winning streak to a tenth consecutive session.President Donald Trump told the New York Post on Tuesday that additional negotiations with Iran over a peace deal "could be happening over next two days" in Pakistan. A second round of talks between Washington and Tehran is currently under discussion, although nothing has been officially scheduled yet, CNBC reported Tuesday, citing a White House official.In a Fox Business interview, Trump said he views the Iran war as "very close to over."Over the weekend, US-Iran peace negotiations in Pakistan ended without a deal. Following that setback, the US navy started a blockade of Iranian ports in the crucial Strait of Hormuz. A two-week ceasefire between the US and Iran, however, still holds.West Texas Intermediate crude oil inclined 1.8% to $92.96 a barrel in premarket action, while Brent rose 2.2% to $90.13.The International Energy Agency on Tuesday forecast global oil demand to turn negative this year due to the Middle East conflict, penciling in the sharpest consumption decline in the second quarter since the COVID-19 pandemic.Treasury Secretary Scott Bessent reportedly said at an event on Tuesday that the Trump administration's tariffs may be restored by July to the levels in place before the Supreme Court invalidated them in February.Treasury yields were moving upwards before the open, with the two-year rate gaining 0.4 basis points to 3.76% and the 10-year rate adding 0.6 basis points to 4.26%.Bank of America (BAC), Morgan Stanley (MS), Progressive (PGR), PNC Financial Services (PNC), M&T Bank (MTB) and First Horizon (FHN) are all scheduled to post their quarterly earnings before the bell, among others. J.B. Hunt Transport Services (JBHT) releases its results after the markets close.ASML's (ASML) US-listed stock nudged 0.8% lower pre-bell after the Dutch chip equipment maker reported its quarterly results. Broadcom (AVGO) gained 3.1% as the chipmaker expanded its partnership with Meta Platforms (META) to support the technology giant's artificial intelligence compute infrastructure.Government data on Tuesday showed that producer prices growth steadied in March as wholesale costs of energy surged amid volatility stemming from the Iran war.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the Empire State manufacturing index for April and the import and export prices report for March, both at 8:30 am. The housing market index for this month is out at 10 am, while the EIA domestic petroleum inventories report is due at 10:30 am.The Federal Reserve's Beige Book, a compilation of economic and business reports from the 12 regional Fed branches, posts at 2 pm.Fed Governor Michael Barr is slated to speak at 8:30 am, while Fed Vice Chair for Supervision Michelle Bowman speaks at 1:45 pm.Gold slipped 0.7% to $4,818 per troy ounce, while bitcoin ticked down 0.2% to $74,132.
