M&T Bank Corp (NYSE: MTB) has recently enjoyed extremely meaningful positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Important positive changes in fundamentals have recently occurred for M&T Bank Corp (NYSE: MTB): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
MTB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
M&T Bank has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. M&T Bank has a neutral Power Rating of 52 but a very high Appreciation Score of 93, and the Highest Value Trend Rating results.
Recent Price Action
M&T Bank Corp (NYSE: MTB) stock rose slightly by 0.2% on 11/20/23. The stock closed at $126.94. The stock has risen 7.3% during the last week and has performed in line with the market over the last nine months.
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