M&T Bank Corp (NYSE: MTB) has reported earnings for its third fiscal quarter (ending September 30) of $4.04 versus $4.00 for the same period a year ago — an increase of 1%. This performance was $0.42 better than the consensus estimate of $3.62. For the latest four quarters through September 30, E.P.S. were $13.58 versus $17.41 for the same period a year ago — a decline of -22%.
Recent Price Action
M&T Bank Corp (NYSE: MTB) stock closed at $198.87 on 10/17/24 after a very large increase of 5.0%. Moreover, this advance was accompanied by exceptionally high trading volume at 316% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 11.0% 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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. M&T Bank has a good Appreciation Score of 83 and a very high Power Rating of 91, producing the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action 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.
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