M&T Bank Corporation (MTB)
- Previous Close
146.86 - Open
145.63 - Bid --
- Ask 158.00 x 800
- Day's Range
145.03 - 148.07 - 52 Week Range
108.53 - 148.23 - Volume
733,056 - Avg. Volume
1,183,558 - Market Cap (intraday)
24.653B - Beta (5Y Monthly) 0.78
- PE Ratio (TTM)
10.00 - EPS (TTM)
14.80 - Earnings Date Jul 18, 2024
- Forward Dividend & Yield 5.20 (3.51%)
- Ex-Dividend Date Mar 1, 2024
- 1y Target Est
--
M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It offers a range of credit products and banking services, such as commercial lending and leasing, letters of credits, commercial real estate loans, and credit facilities secured by various commercial real estate to middle-market and large commercial customers. The company also provides customers deposit products, including demand, savings and time accounts, and other services; automobile and recreational finance loans, home equity loans and lines of credit, credit cards, and other loan products, as well as residential mortgage and real estate loans; business loans, cash management, payroll, and direct deposit services to consumers and small businesses through branch network, telephone banking, internet banking, and automated teller machines. In addition, it offers trustee, agency, investment management, security brokerage, and administrative services; personal trust, planning, fiduciary, asset management, family office, and other services; and investment products, including mutual funds and annuities, and other services for corporations and institutions, investment bankers, corporate tax, finance and legal executives, and other institutional clients. The company was founded in 1856 and is headquartered in Buffalo, New York.
www3.mtb.com21,736
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: MTB
Performance Overview: MTB
Trailing total returns as of 4/24/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: MTB
Select to analyze similar companies using key performance metrics; select up to 4 stocks.
Statistics: MTB
Valuation Measures
Market Cap
24.65B
Enterprise Value
--
Trailing P/E
10.00
Forward P/E
10.62
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
2.67
Price/Book (mrq)
0.98
Enterprise Value/Revenue
--
Enterprise Value/EBITDA
--
Financial Highlights
Profitability and Income Statement
Profit Margin
29.29%
Return on Assets (ttm)
1.23%
Return on Equity (ttm)
9.78%
Revenue (ttm)
8.77B
Net Income Avi to Common (ttm)
2.46B
Diluted EPS (ttm)
14.80
Balance Sheet and Cash Flow
Total Cash (mrq)
33.94B
Total Debt/Equity (mrq)
--
Levered Free Cash Flow (ttm)
--
Research Analysis: MTB
Company Insights: MTB
Fair Value
Dividend Score
Hiring Score
Insider Sentiment Score
Research Reports: MTB
Weekly Stock List
The cold hard message is sinking in. Higher rates are here to stay for longer than expected. Federal Reserve Chairman Jerome Powell has said multiple times that the Fed will be 'data-driven' when deciding on monetary policy. And the data has spoken. First, let's look at inflation. There has been great progress made in knocking inflation down from its peak of 9.1% in June of 2022. But achieving progress at the current lower levels, with inflation in the low-3% range, as expected, has been difficult. The Fed has been specific, saying inflation needs to be at 2% before restrictive policy will be eased. The Fed was patient after the January inflation data, and again with February data. But when March showed persistently higher prices, the Fed threw came right out and said that change can wait. Chairman Powell said the following last week. "The recent data have clearly not given us greater confidence..." and "If higher inflation does persist, we can maintain the current level of restriction for as long as needed." Now let's consider unemployment. The Fed again has been specific. Officials are looking for a 4.1% unemployment rate to gently (hopefully) slow the economy. Currently, the rate is not budging and is vacillating between 3.8% and 3.9%. Given the current macroeconomic backdrop, the following is a list of industries and companies we like that should benefit from a sustained period of higher interest rates. All are BUY-rated at Argus.
Analyst Report: M&T Bank Corporation
M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.
RatingPrice TargetAnalyst Report: M & T Bank Corp
Headquartered in Buffalo, New York, M&T Bank Corp. is a bank holding company that operates branch offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. The company was founded in 1856.
RatingPrice TargetMarket Update: FL, MTB
Stocks are up at midday trading on Monday following a volatile week. The 10-year Treasury yields are the highest since November on the heels of strong retail sales data. U.S. retail sales were above expectations, rising 0.7% in March. This follows an upwardly revised 0.9% increase in February. Sales excluding automobiles were up 1.1%, and excluding gasoline were up 0.6%. Among the advancing sales categories were gasoline stations (+2.1%), general merchandise (+1.1%) and building material & garden stores (+0.7%). Among the declining sales categories were sporting goods, hobby, music & bookstores (-1.8%), clothing (-1.6%) and electronic & appliances (-1.2%).The Dow was up 0.5%, while the S&P 500 gained 0.4% and the Nasdaq rose 0.1%. Crude oil is trading near above $84 per barrel and gold fell $6 to $2368 per ounce.