M&T Bank Corp (NYSE: MTB) has benefited from significant positive changes in fundamentals: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Recent notable positive changes in investment behavior have benefitted M&T Bank Corp (NYSE: MTB): the stock rose on very heavy volume.
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
With future capital returns forecasted to be above the cost of capital, MTB is expected to continue to be a Value Builder.
M&T Bank has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. M&T Bank has a good Power Rating of 71 and a very high Appreciation Score of 92, producing the Highest Value Trend Rating.
Recent Price Action
M&T Bank Corp (NYSE: MTB) stock enjoyed a large increase of 4.9% on 1/19/24. The stock closed at $139.39. Moreover, trading volume in this advance was exceptionally high at 231% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.9% during the last week.
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