On 11/6/24, M&T Bank Corp (NYSE: MTB) stock enjoyed a major increase of 12.1%, closing at $216.56. Moreover, exceptionally high trading volume at 269% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 10.6% 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 Appreciation Score of 81 and a very high Power Rating of 95, leading to the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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