AllAnalyst Report
logoMorningstarJune 16, 2021

M&T Bank Corporation: Fed Holds Rates Steady, Sees Rate Hikes Likely by 2023, Still Waiting on Tapering

Symbols
MTB
Sector(s)
Financial Services
Rating
Current Price
$134.46
Fair Value
Economic Moat
Stewardship
Summary

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.

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Analyst Profile

Eric Compton

Equity Analyst
Eric Compton, CFA, is an equity analyst for Morningstar Research Services LLC, covering the U.S. and Canadian banking sectors, including the U.S. money center banks, U.S. regional banks, and the Big Six Canadian banks.Before joining Morningstar in 2015, Compton was a business analyst for ESIS, a global provider of risk management products and a subsidiary of ACE Group. Compton holds a bachelor's degree in applied health science from Wheaton College. He has passed all three levels of the Chartered Financial Analyst® program and holds the Chartered Financial Analyst® designation.