Extremely significant positive changes in M&T Bank Corp (NYSE: MTB) investment behavior have recently occurred: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
M&T Bank Corp (NYSE: MTB) has benefited from notable positive changes in fundamentals: 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 exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
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 consistent signals. M&T Bank has a good Power Rating of 73 and a very high Appreciation Score of 86, and the Highest Value Trend Rating results.
Recent Price Action
M&T Bank Corp (NYSE: MTB) stock enjoyed a large increase of 2.5% on 6/28/24. The stock closed at $151.36. Moreover, this advance was accompanied by exceptionally high trading volume at 255% of normal. The stock has been strong relative to the market over the last nine months and has risen 2.4% during the last week.
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