|Bid||172.64 x 800|
|Ask||172.71 x 900|
|Day's Range||172.30 - 174.36|
|52 Week Range||133.78 - 180.77|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||12.41|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||4.00 (2.30%)|
|1y Target Est||182.90|
With just 1% deposit market share, it plans to cut 13 of 30 branches, to shift to a `business first' strategy and reinvest in the 17 remaining locations.
Second-quarter results of U.S. Bancorp (USB) are likely to reflect benefits from improved mortgage banking and higher demand for online services.
Banks have passed the stress test and are rewarding shareholders with billions in buybacks and dividend hikes, a sign that they are fundamentally strong enough to see earnings growth.
PNC Financial's (PNC) Q2 earnings are likely to reflect muted net interest income growth. Also, rise in consumer service revenues might support fee income.
Lingering geopolitical concerns, trade jitters and muted loan growth are expected to hurt major banks' Q2 earnings. But there are a few stocks in the industry that are likely outperform their peers.
Decline in trading and investment banking revenues will likely affect Citigroup's (C) Q2 performance. However, revenues from consumer banking business are expected to lend support.
In a reversal in trend, Wells Fargo's (WFC) mortgage banking performance is projected to improve in the April-June quarter. However, ongoing litigation hassles may escalate the bank's expenses.
M&T Bank (MTB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In 2002 when M&T; Bank announced a major acquisition in Baltimore, there were some in the business community who worried the bank would someday pack up the Buffalo headquarters and bid farewell to Western New York.
Financial institutions are making fewer government-guaranteed loans to small businesses in Western New York, but the dollar volume is mostly in line with last year.
M&T Bank Corp NYSE:MTBView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for MTB with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MTB. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.23 billion over the last one-month into ETFs that hold MTB are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
The market launched some pre-Independence Day fireworks of its own on Wednesday, rallying 0.77% in a light volume session that ended early. Still, the move to a new record high sets the stage for optimism headed into the final trading day of the week.Source: Allan Ajifo via Wikimedia (Modified)Symantec (NASDAQ:SYMC) was the ringleader for the rally, up more than 13% following news that Broadcom (NASDAQ:AVGO) would be acquiring it at a fairly generous premium. Broadcom, conversely, sank on worries that it was buying another troubled software business.At the other end of the spectrum, Electronic Arts (NASDAQ:EA) stumbled 4.5% mostly in response to a commentary from MarkWatch columnist Jurica Dujmovic suggesting that PC gaming was shrinking market. Although EA publishes more than computer games, it's a significant piece of its revenue mix.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks That Should Be Every Young Investor's First Choice As for today's top trading prospects, take a look at the stock charts of Citizens Financial Group (NYSE:CFG), NRG Energy (NYSE:NRG) and M&T Bank (NYSE:MTB). Here's why, and what needs to happen next. M&T Bank (MTB)Most bank stocks have been rising lately, shrugging off weakness from late last year and early this year spurred by concerns of falling interest rates, and an outright economic slowdown. M&T Bank hasn't been an exception to this norm.MTB has hammered out a turnaround effort that's much more technically sound than those efforts from other banking names, however. Better still, that move has technically solidified in just the past few days, setting the stage for more forward progress. Click to Enlarge * M&T has crossed above all of its key moving average lines, but more importantly, the purple 50-day moving average line is now above and pulling away from the white 200-day moving average. * Zooming out to the weekly chart we can also see MTB shares have pushed their way above the falling resistance line that had been guiding it lower since early last year. * Although it has been choppy and should remain so in the foreseeable future, the higher lows made since March is the first string of higher lows made in over a year. Citizens Financial Group (CFG)In the same vein as M&T Bank, and for the same reason, Citizens Financial Group shares have just wiggled their way out of a rut and almost back into an uptrend. In this case, however, there's one last clear technical hurdle to get past before the advance has an unfettered path higher. * 7 Retail Stocks to Buy That Are Down in 2019 Click to Enlarge * That resistance level is plotted in purple on the daily chart, connecting all the peak highs since February. * Although not quite yet, the purple 50-day line is about to cross above the 200-day moving average line plotted in white on both stock charts. Once that happens we'll have a key "golden cross" fanning the bullish flames. * That being said, Citizens Financial Group have already fought their way back above a key ceiling for a third time. That's the 38.2% Fibonacci retracement line at $35.44. That puts the next key ceiling somewhere around $40.50. NRG Energy (NRG)Two months ago, NRG Energy shares were in serious trouble. Not only had they broken below the pivotal 200-day moving average line, they fell below a long-standing and rising support line that had been guiding NRG stock upward since 2017.Shares proceeded a little lower following the bearish catalyst, and may still be destined for a renewal of that downtrend. But, a chart pattern that took shape last week has major bullish implications that could easily lead to a full-blown recovery. Click to Enlarge * The pattern in question is highlighted on the daily chart. A sizeable setback followed by a hammer-shaped bar near the previous day's low followed by a tall bullish bar. Called a morning doji star, it suggests a transition from a net-bearish to a net-bullish environment. * Bolstering the potential bullishness is the weekly chart's RSI indicator. It slipped into oversold territory for the first time in months in May. * The follow-through has been respectable so far, though not perfect. The purple 50-day average could still act as resistance.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Should Be Every Young Investor's First Choice * 5 IPO Stocks to Buy -- According to Wall Street Analysts * The Top 10 Best Sectors in the Market for 2019 The post 3 Big Stock Charts for Friday: M&T Bank, NRG Energy and Citizens Financial Group appeared first on InvestorPlace.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does M&T Bank (MTB) have what it takes? Let's find out.
The stock buyback program indicates Howard Bank executives believe the bank is operating well but is not being recognized by the market.
Two intangibles ended up as key factors that helped bring M&T Bank’s (NYSE:MTB) new tech hub into the Seneca One Tower. Jemal is doing more than investing $120 million to turn Buffalo’s tallest skyscraper into a destination loaded with tech-geared offices, apartments and a mix of restaurants and retail. When Jemal bought the 38-story, 1.1 million square foot building in 2016, it was a development white elephant.
Part of M&T; Bank's strategy to find technology talent may involve the creation of a tech academy that could train underskilled workers in the region.
State Street (STT) agrees upon another settlement to resolve legal issues, with the payment of $94.3 million to the regulators.
BUFFALO, N.Y. , June 27, 2019 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) announced today its 2019 Capital Plan, which covers the four-quarter period beginning July 1 , 2019. The ...
Buffalo's biggest bank thought it would need about 150,000 square feet for its downtown tech hub, but the official number is twice that much and could go higher.
An albatross that, at least visually, appeared as a 38-story concrete wall separating downtown’s central business district and Canalside, is generating projections of more economic development. M&T, which signed a long-term lease with extension options, will use roughly 25 percent of the tower complex for its downtown technology hub that could employ as many as 1,500 people in the next three years. “Between what Douglas Jemal is investing and what M&T is doing, we now have that key development link between downtown and the waterfront.” The deal, many months in the works, is expected to have ripple effects on various levels within downtown and for economic development efforts to brand the Buffalo Niagara region as a good place for young professionals.
Bank of America (BAC) decides to stop providing finance to the companies that run private prisons and detention centers in the United States.