M&T Bank Corp (NYSE: MTB). Extremely significant positive changes in investment behavior have recently occurred: its shorter term price trend turned up, and positive upside/downside volume developed.
Meaningful positive changes in M&T Bank Corp (NYSE: MTB) fundamentals have recently occurred: 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 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. M&T Bank has a slightly positive Power Rating of 64 and a very high Appreciation Score of 89, and the Highest Value Trend Rating results.
Recent Price Action
M&T Bank Corp (NYSE: MTB) stock increased 1.2% on 4/17/24. The shares closed at $139.04. NORMAL trading volume accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -1.2% during the last week.
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