Piper Jaffray Initiates Coverage on M&T Bank Corporation to Neutral

Piper Jaffray Initiates Coverage on M&T Bank Corporation(NYSE:MTB). The shares have been rated Neutral. The rating by Piper Jaffray was issued on Jul 5, 2016.

In a different note, On Apr 22, 2016, Deutsche Bank said it Downgrades its rating on M&T Bank Corporation. The shares have been rated ‘Hold’ by the firm. On Apr 21, 2016, Baird said it Downgrades its rating on M&T Bank Corporation. In the research note, the firm Lowers the price-target to $125.00 per share. The shares have been rated ‘Underperform’ by the firm. On Apr 21, 2016, Portales said it Downgrades its rating on M&T Bank Corporation. The shares have been rated ‘Sector Perform’ by the firm.

M&T Bank Corporation (MTB) made into the market gainers list on Fridays trading session with the shares advancing 1.52% or 1.74 points. Due to strong positive momentum, the stock ended at $115.94, which is also near the day’s high of $116.74. The stock began the session at $115.96 and the volume stood at 7,11,254 shares. The 52-week high of the shares is $134 and the 52 week low is $100.075. The company has a current market capitalization of $18,434 M and it has 15,89,99,010 shares in outstanding.

M&T Bank Corporation(MTB) last announced its earnings results on Apr 18, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.29B. Analysts had an estimated revenue of $1.30B. Earnings per share were $1.87. Analysts had estimated an EPS of $1.84.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Robert J Bojdak (Executive Vice President) sold 1,703 shares at $117.10 per share price.Also, On May 16, 2016, Mark J Czarnecki (President) sold 25,332 shares at $115.04 per share price.On May 2, 2016, D Scott N Warman (Executive Vice President) sold 503 shares at $119.72 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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