M&T Bank Corporation (MTB) : Zacks Investment Research ranks M&T Bank Corporation (MTB) as 4, which is a Sell recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.92, which indicates as a Hold.
M&T Bank Corporation (MTB) : 12 Wall Street analysts covering M&T Bank Corporation (MTB) believe that the average level the stock could reach for the short term is $118.83. The maximum price target given is $130 and the minimum target for short term is around $105, hence the standard deviation is calculated at $7.93.
Also, In the latest statement by the brokerage house, Morgan Stanley maintains its outlook on M&T Bank Corporation (NYSE:MTB). The current rating of the shares is Equal-weight, according to the research report released by the firm. The brokerage firm lowers the price target from $122 per share to $118 per share. The rating by the firm was issued on August 1, 2016.
M&T Bank Corporation (NYSE:MTB): After opening at $115.28, the stock dipped to an intraday low of $115.02 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $116.04 and the buying power remained strong till the end. The stock closed at $115.65 for the day, a gain of 0.07% for the day session. The total traded volume was 643,376. The stocks close on the previous trading day was $115.57.
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 Companys 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 1,600 automated teller machines.