U.S. Markets open in 4 hrs 53 mins
  • S&P Futures

    3,631.25
    -1.50 (-0.04%)
     
  • Dow Futures

    29,951.00
    -47.00 (-0.16%)
     
  • Nasdaq Futures

    12,106.75
    +30.75 (+0.25%)
     
  • Russell 2000 Futures

    1,847.80
    -3.70 (-0.20%)
     
  • Crude Oil

    45.24
    +0.33 (+0.73%)
     
  • Gold

    1,808.70
    +4.10 (+0.23%)
     
  • Silver

    23.42
    +0.12 (+0.54%)
     
  • EUR/USD

    1.1899
    +0.0003 (+0.0238%)
     
  • 10-Yr Bond

    0.8820
    0.0000 (0.00%)
     
  • Vix

    21.68
    -0.98 (-4.32%)
     
  • GBP/USD

    1.3339
    -0.0019 (-0.1454%)
     
  • USD/JPY

    104.3950
    -0.0850 (-0.0814%)
     
  • BTC-USD

    19,108.41
    +254.43 (+1.35%)
     
  • CMC Crypto 200

    378.87
    +9.12 (+2.47%)
     
  • FTSE 100

    6,436.99
    +4.82 (+0.07%)
     
  • Nikkei 225

    26,296.86
    +131.27 (+0.50%)
     

How M&T Bank (MTB) Stock Stands Out in a Strong Industry

Zacks Equity Research
·2 min read

One stock that might be an intriguing choice for investors right now is M&T Bank Corporation MTB. This is because this security in the Banks - Major Regional space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Banks - Major Regional space as it currently has a Zacks Industry Rank of 30 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, M&T Bank is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.


M&T Bank Corporation Price and Consensus

M&T Bank Corporation Price and Consensus
M&T Bank Corporation Price and Consensus

M&T Bank Corporation price-consensus-chart | M&T Bank Corporation Quote

In fact, over the past month, current quarter estimates have risen from $3 per share to $3.10 per share, while current year estimates have risen from $13.90 per share to $14 per share. This has helped MTB to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider M&T Bank. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.

This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.

See their latest picks free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
M&T Bank Corporation (MTB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.