Notable positive changes in M&T Bank Corp (NYSE: MTB) fundamentals have recently occurred: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
M&T Bank Corp (NYSE: MTB). Important positive changes in investment behavior have recently occurred: 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
MTB is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 72 and a very high Appreciation Score of 88, with the Highest Value Trend Rating the result.
Recent Price Action
On 3/15/24, M&T Bank Corp (NYSE: MTB) stock rose slightly by 0.1%, closing at $140.53. Moreover, exceptionally high trading volume at 390% of normal accompanied the advance. The stock has declined -2.0% during the last week but has been strong relative to the market over the last nine months.
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