Information Provided By: 
Fly News Breaks for October 18, 2019
MTB
Oct 18, 2019 | 07:27 EDT
Wedbush analyst Peter J. Winter lowered his price target for M&T Bank to $163 from $166 and maintained a Neutral rating following the company's Q3 results, telling investors in a research note that M&T Bank reported an "uncharacteristically weak quarter" for the second consecutive quarter. Winter forecast expense growth of ~6% this year, well above normal levels of ~2%, and lowered his Q4 EPS estimate to $3.50 from $3.57 and his 2020 and 2021 EPS estimates to $13.86 from $14.04 and $14.65 from $14.71, respectively.
News For MTB From the Last 2 Days
MTB
Apr 16, 2024 | 06:59 EDT
BofA raised the firm's price target on M&T Bank to $160 from $157 and keeps a Buy rating on the shares after the bank reported Q1 EPS that beat the firm's estimate and consensus. The firm revised its FY24 and FY25 EPS estimates to $14.00 and $15.94, respectively, noting that M&T made no material changes to its 2024 outlook other than upping its net interest income guidance given the boost from higher for longer interest rates.
MTB
Apr 16, 2024 | 06:14 EDT
Wells Fargo raised the firm's price target on M&T Bank to $150 from $145 and keeps an Equal Weight rating on the shares. The firm says M&T's Q1 2024 call was fairly positive as the company guided for higher net interest income, CRE portfolio risk appears to be stabilizing, and dry powder for growth and buybacks. Nonetheless, near-term risks are high given its CRE mix that can influence DFAST results.
