|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||190.26 - 192.35|
|52 Week Range||141.12 - 197.37|
|PE Ratio (TTM)||21.88|
|Forward Dividend & Yield||3.00 (1.58%)|
|1y Target Est||N/A|
In his first message to shareholders, M&T Bank chairman and CEO Rene Jones assured readers that the long history of the annual message will continue even after the recent passing of Robert Wilmers, whose yearly missives became must-reads about the banking industry, communities in which M&T operates and leadership in government and education. Former CFO and vice chairman Jones was promoted to the top leadership position last year following the Dec. 16 passing of Wilmers, who led M&T for 35 years. Jones has shied away from media attention in recent months as he worked to craft a message to not only shareholders, but also M&T employees, customers, civic leaders and the markets the bank serves.
M&T Bank's (MTB) impressive earnings growth prospects, capital strength and initiatives to improve financials will drive its performance.
By Peter Kenny, chief market strategist for Global Markets Advisory Group and owner of KennysCommentary.com U.S. equity markets post best weekly gain since 2013 a week after posting the worst weekly performance in two years. U.S. dollar finally reverses higher last week after trading to a three year low CBOE Volatility Index (^VIX) drops 49.3% from its Feb. 6th high of 38.33 January’s NFIB report ticks higher (again) to 106.9 from December’s 104.9 After falling 10.5% from recent highs, WTI crude firms and trades to $61. ...
M&T Bank (MTB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting MTB. Over the last month, growth of ETFs holding MTB is favorable, with net inflows of $14.98 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing.
In a brief statement, Paychex (PAYX) said the report, which was posted Jan. 20 in a publication called the Buffalo Chronicle, is false. Anything of this nature would go through official Paychex channels as part of a comprehensive process that includes thorough review and consideration by the Paychex Board of Directors," the company said. Paychex provides payroll, human resources and benefits outsourcing services for half a million small to medium-sized businesses throughout the United States.
M&T Bank Corp. in Buffalo plans to spend $25 million to increase the minimum wage it pays to hourly workers. The new wages – which range from $14 to $16 per hour, based on geography – will begin to take effect in February and benefit approximately one-third of M&T’s workforce, or roughly 5,600 employees. In addition, the bank will give every employee 40 hours of paid time off to volunteer or participate in employer resource group activities of their choice.
M&T Bank (MTB) came out with adjusted earnings per share of $2.66 that surpassed the Zacks Consensus Estimate of $2.40 on higher revenues.
M&T Bank Corporation (MTB) is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting MTB. Over the last month, growth of ETFs holding MTB is favorable, with net inflows of $17.73 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing.
One of the largest banks in Western New York is joining the growing list of companies paying bonuses to employees in response to federal tax reform. Citizens Bank N.A. (CFG) plans to pay one-time cash bonuses of $1,000 to 12,500 employees, or 70 percent of its workforce. The bonus will be distributed Feb. 23 to employees under a certain salary threshold.