CLSA Maintains M&T Bank Corporation to Outperform with Price Target $129.00

Brokerage firm CLSA Maintains its rating on M&T Bank Corporation(NYSE:MTB). In a research note issued to the investors, the brokerage major Raises the price-target to $129.00 per share. The shares have been rated Outperform. The rating by CLSA was issued on Sep 23, 2016.

In a different note, On Aug 1, 2016, Morgan Stanley said it Maintains its rating on M&T Bank Corporation. In the research note, the firm Lowers the price-target to $122.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jul 7, 2016, JP Morgan said it Maintains its rating on M&T Bank Corporation. In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 7, 2016, Nomura said it Downgrades its rating on M&T Bank Corporation. In the research note, the firm Lowers the price-target to $131.00 per share. The shares have been rated ‘Neutral’ by the firm. Piper Jaffray said it Initiates Coverage on M&T Bank Corporation, according to a research note issued on Jul 5, 2016. The shares have been rated ‘Neutral’ by the firm.

M&T Bank Corporation (MTB) made into the market gainers list on Tuesdays trading session with the shares advancing 1.20% or 1.37 points. Due to strong positive momentum, the stock ended at $115.53, which is also near the day’s high of $115.54. The stock began the session at $113.78 and the volume stood at 4,47,141 shares. The 52-week high of the shares is $127.39 and the 52 week low is $100.075. The company has a current market capitalization of $18,112 M and it has 15,67,69,160 shares in outstanding.

M&T Bank Corporation(MTB) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.31B. Analysts had an estimated revenue of $1.33B. Earnings per share were $2.07. Analysts had estimated an EPS of $2.08.

Several Insider Transactions has been reported to the SEC. On Aug 31, 2016, Robert G Wilmers (Chairman of the Board and CEO) sold 100,000 shares at $118.35 per share price.Also, On Aug 29, 2016, Michele D Trolli (Exec. VP & Chief Info. Officer) sold 5,000 shares at $117.88 per share price.On Aug 29, 2016, Kevin J Pearson (Executive Vice President) sold 33,379 shares at $116.75 per share price, according to the Form-4 filing with the securities and exchange commission.

M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust National Association (Wilmington Trust N.A.). The Company’s segments include Business Banking Commercial Banking Commercial Real Estate Discretionary Portfolio Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit lending cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities loans and other assets and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches and 1600 automated teller machines.

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