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NYSE:MTBM&T Bank Stock Price, Forecast & News

$107.86
+9.83 (+10.03 %)
(As of 05/26/2020 04:00 PM ET)
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Today's Range
$102.23
Now: $107.86
$109.32
50-Day Range
$89.12
MA: $102.72
$118.56
52-Week Range
$85.09
Now: $107.86
$174.93
Volume1.27 million shs
Average Volume938,803 shs
Market Capitalization$13.84 billion
P/E Ratio8.74
Dividend Yield4.49%
Beta1.25
M&T Bank Corporation operates as the holding company for Manufacturers and Traders Trust Company; and Wilmington Trust, National Association that provide banking services. The company's Business Banking segment offers deposits, business loans and leases, and credit cards; and cash management, payroll, and letters of credit services to small businesses and professionals. Its Commercial Banking segment provides credit and banking services for middle-market and large commercial customers. The company's Commercial Real Estate segment offers multifamily residential and commercial real estate credit, and deposit services. Its Discretionary Portfolio segment provides deposits; securities, residential real estate loans, and other assets; and short and long term borrowed funds, as well as foreign exchange services. The company's Residential Mortgage Banking segment offers residential real estate loans for consumers and sells those loans in the secondary market; and purchases servicing rights to loans originated by other entities. Its Retail Banking segment offers demand, savings, and time accounts; consumer installment loans, automobile and recreational finance loans, home equity loans and lines of credit, and credit cards; demand, savings; and time accounts; mutual funds and annuities; and other services. The company also provides trust and wealth management; fiduciary and custodial; investment management; and insurance agency services. It offers its services through banking offices, business banking centers, telephone and Internet banking, mobile banking, and automated teller machines. As of December 31, 2018, the company had 750 domestic banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, and the District of Columbia; a full-service commercial banking office in Ontario, and Canada; and an office in George Town, Cayman Islands. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.0Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.74 out of 5 stars


Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
CUSIP55261F10
Phone716-635-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.94 billion
Cash Flow$18.60 per share
Book Value$109.63 per share

Profitability

Net Income$1.93 billion

Miscellaneous

Employees17,773
Market Cap$13.84 billion
Next Earnings Date7/16/2020 (Estimated)
OptionableOptionable

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M&T Bank (NYSE:MTB) Frequently Asked Questions

How has M&T Bank's stock been impacted by COVID-19 (Coronavirus)?

M&T Bank's stock was trading at $111.18 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MTB stock has decreased by 3.0% and is now trading at $107.86. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of M&T Bank?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for M&T Bank in the last year. There are currently 2 sell ratings, 15 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for M&T Bank.

When is M&T Bank's next earnings date?

M&T Bank is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. View our earnings forecast for M&T Bank.

How were M&T Bank's earnings last quarter?

M&T Bank Co. (NYSE:MTB) issued its earnings results on Monday, April, 20th. The financial services provider reported $1.93 EPS for the quarter, beating the Zacks' consensus estimate of $1.55 by $0.38. The financial services provider had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. M&T Bank had a return on equity of 11.84% and a net margin of 24.99%. During the same quarter in the previous year, the firm earned $3.35 earnings per share. View M&T Bank's earnings history.

How often does M&T Bank pay dividends? What is the dividend yield for M&T Bank?

M&T Bank declared a quarterly dividend on Tuesday, May 19th. Shareholders of record on Monday, June 1st will be paid a dividend of $1.10 per share on Tuesday, June 30th. This represents a $4.40 annualized dividend and a yield of 4.08%. The ex-dividend date is Friday, May 29th. View M&T Bank's dividend history.

What price target have analysts set for MTB?

20 brokers have issued 1 year price objectives for M&T Bank's stock. Their forecasts range from $79.30 to $200.00. On average, they anticipate M&T Bank's share price to reach $141.72 in the next year. This suggests a possible upside of 31.4% from the stock's current price. View analysts' price targets for M&T Bank.

Has M&T Bank been receiving favorable news coverage?

Media stories about MTB stock have trended negative on Wednesday, InfoTrie reports. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. M&T Bank earned a news impact score of -2.6 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 9.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutM&T Bank.

Who are some of M&T Bank's key competitors?

What other stocks do shareholders of M&T Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other M&T Bank investors own include Micron Technology (MU), Nucor (NUE), Merck & Co., Inc. (MRK), Verizon Communications (VZ), JPMorgan Chase & Co. (JPM), Pfizer (PFE), AbbVie (ABBV), Home Depot (HD), Intel (INTC) and Johnson & Johnson (JNJ).

Who are M&T Bank's key executives?

M&T Bank's management team includes the following people:
  • Mr. René F. Jones CPA, Chairman & CEO (Age 54)
  • Mr. Kevin J. Pearson, Exec. VP & Director (Age 57)
  • Mr. Richard S. Gold, Pres, COO & Director (Age 58)
  • Mr. Darren J. King, Exec. VP & CFO (Age 49)
  • Ms. Doris P. Meister, Exec. VP of Wealth & Institutional Services (Age 63)

What is M&T Bank's stock symbol?

M&T Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTB."

Who are M&T Bank's major shareholders?

M&T Bank's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.98%), Wellington Management Group LLP (5.42%), State Street Corp (4.86%), JPMorgan Chase & Co. (4.19%), Invesco Ltd. (3.13%) and Geode Capital Management LLC (1.70%). Company insiders that own M&T Bank stock include Brian E Hickey, C Angela Bontempo, Darren J King, Denis J Salamone, Doris P Meister, Gary N Geisel, John L Dangelo, Michael J Todaro, Michele D Trolli, Richard H Jr Ledgett, Richard S Gold, Robert J Bojdak, Sabeth Siddique and William J Farrell II. View institutional ownership trends for M&T Bank.

Which institutional investors are selling M&T Bank stock?

MTB stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Fenimore Asset Management Inc., Russell Investments Group Ltd., The Manufacturers Life Insurance Company , Invesco Ltd., AQR Capital Management LLC, Connors Investor Services Inc., and Salzhauer Michael. Company insiders that have sold M&T Bank company stock in the last year include Darren J King, Denis J Salamone, Doris P Meister, John L Dangelo, Richard S Gold, and William J Farrell II. View insider buying and selling activity for M&T Bank.

Which institutional investors are buying M&T Bank stock?

MTB stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, BlackRock Inc., Unigestion Holding SA, Polaris Capital Management LLC, London Co. of Virginia, Country Trust Bank, Loomis Sayles & Co. L P, and AMF Pensionsforsakring AB. View insider buying and selling activity for M&T Bank.

How do I buy shares of M&T Bank?

Shares of MTB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is M&T Bank's stock price today?

One share of MTB stock can currently be purchased for approximately $107.86.

How big of a company is M&T Bank?

M&T Bank has a market capitalization of $13.84 billion and generates $6.94 billion in revenue each year. The financial services provider earns $1.93 billion in net income (profit) each year or $13.75 on an earnings per share basis. M&T Bank employs 17,773 workers across the globe.

What is M&T Bank's official website?

The official website for M&T Bank is www.mtb.com.

How can I contact M&T Bank?

M&T Bank's mailing address is ONE M&T PLAZA, BUFFALO NY, 14203. The financial services provider can be reached via phone at 716-635-4000 or via email at [email protected]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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