For its second fiscal quarter (ending June 30), M&T Bank Corp (NYSE: MTB) has reported a -26% decline in E.P.S. from $5.07 a year ago to $3.75 in the current quarter. However, this performance was $0.24 better than the consensus estimate of $3.51. For the latest four quarters through June 30, E.P.S. were $13.54 versus $16.96 for the same period a year ago — a decline of -20%.
Recent Price Action
M&T Bank Corp (NYSE: MTB) stock closed at $167.38 on 7/18/24 after an increase of 1.7%. Moreover, trading volume in this advance was exceptionally high at 273% of normal. Relative to the market the stock has been strong over the last nine months and has risen 9.8% during the last week.
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). 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 74 and a very high Appreciation Score of 86, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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