MTB - M&T Bank Corporation
Pre-Market:
| Previous Close | 121.30 |
| Open | 123.53 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 800 |
| Day's Range | 121.98 - 126.01 |
| 52 Week Range | 109.36 - 193.42 |
| Volume | |
| Avg. Volume | 2,093,990 |
| Market Cap | 20.832B |
| Beta (5Y Monthly) | 0.78 |
| PE Ratio (TTM) | 9.39 |
| EPS (TTM) | 13.38 |
| Earnings Date | Jul 18, 2023 - Jul 24, 2023 |
| Forward Dividend & Yield | 5.20 (4.29%) |
| Ex-Dividend Date | May 31, 2023 |
| 1y Target Est | N/A |
ZacksLoan Growth Supports M&T Bank (MTB) Despite Rising Costs
M&T Bank's (MTB) top line gets support from increasing loan and deposit balances. Continued rising expenses keep the bottom line under pressure, while worsening credit quality is worrisome.
Simply Wall St.Why You Might Be Interested In M&T Bank Corporation (NYSE:MTB) For Its Upcoming Dividend
It looks like M&T Bank Corporation ( NYSE:MTB ) is about to go ex-dividend in the next four days. The ex-dividend date...
ZacksM&T Bank Corporation (MTB) Reports Q1 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for M&T Bank Corporation (MTB) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Motley FoolM&T Bank Has More Commercial Real Estate Exposure Than Its Peers. How Is Credit Quality Holding Up?
Since the banking crisis began, investors have been looking ahead to issues they expect to see with commercial real estate loans.
Yahoo Finance VideoResults season will be a 'bit of a head fake', says strategist
Investors banking on strong corporate results to lift stocks need to watch out for the "canary in the coal mine" says Ben Laidler, eToro global markets strategist. He tells Yahoo Finance’s Rachelle Akuffo to expect a “down earnings season” in the first quarter as he laid out his roadmap for how he thinks corporate results will shakeout in the wake of March's banking turmoil. Laidler says reported numbers are “going to look good,” with the strongest earnings to come from “small caps, the cyclicals, consumer discretionary names.” However he suggests looking under the hood, as those companies could suffer the most in an economic slowdown. That's “inevitably coming” he adds, labelling this results season as a “little bit of a head fake.” Laidler says his fear is “what comes next”, anticipating “downbeat” guidance in earnings reports. Specifically in focus for Laidler is the tightening of lending conditions by banks. This has been the topic of some debate in recent weeks, with the likes of Treasury Secretary Janet Yellen and the IMF seemingly on different pages. He clarifies he wouldn’t consider the turmoil following SVB and Signature Bank’s collapses a “crisis,” but instead a “banking scare.” More an issue of individual banks “rather than the system,” but still with real macroeconomic consequences. Commodities in particular are “particularly sensitive” to the slowdown of growth. We have yet to see the final fallout from the banking turmoil, and Laidler encourages all to monitor earnings as they're reported this week. Key Video Moments: 00:00:25 - Commodities are the "canary in the coal mine" for slowdown in growth 00:00:56 - Tech, healthcare remain defensive 00:01:24 - Reported numbers will look "good" for earnings season 00:01:48 - Guidance will be more downbeat, looking ahead 00:02:00 - Best earnings will come from companies that will suffer the most from economic slowdown For more of Rachelle’s conversation with Ben Laidler, click here.
- Reuters
WRAPUP 3-US financial institutions hit by deposit flight as clients seek higher returns
Deposits at three financial institutions fell in the first quarter as the industry's biggest crisis in more than a decade prompted a flight of funds, with customers seeking better returns elsewhere. Deposits at custodian bank State Street Corp and regional bank M&T Bank Corp fell 3% each, while those at Charles Schwab Corp shrank 11% from the prior quarter. State Street's stock plunged 9.2% to close at $72.68 on Monday, dragging down peers Northern Trust Corp and Bank of New York Mellon Corp, while shares of brokerage and financial advisory firm Schwab closed 3.9% higher and M&T Bank shares were up nearly 8%.
ZacksM&T Bank (MTB) Q1 Earnings Top Estimates on Higher Revenues
Increased revenues, a solid loan and deposit balance, and higher rates support M&T Bank's (MTB) Q1 earnings, while higher provisions and expenses pose as undermining factors.
ZacksM&T Bank Corporation (MTB) Q1 Earnings and Revenues Beat Estimates
M&T Bank Corporation (MTB) delivered earnings and revenue surprises of 2.76% and 1.44%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
ReutersM&T Bank Corp beats profit estimates as interest income doubles
U.S. banking heavyweights have also reaped windfalls from higher interest payments in the first quarter, brushing off a crisis prompted by the collapse of two regional lenders. Shares of M&T Bank rose nearly 3% to $120 in premarket trading. Net interest income for the bank doubled to $1.83 billion in the first quarter ended March 31, compared with $907 million, a year earlier.
ZacksNII to Support M&T Bank's (MTB) Q1 Earnings, Expenses to Hurt
The decent increase in loan balances, along with higher interest rates, are likely to support M&T Bank's (MTB) Q1 net interest income. Yet, expenses are expected to rise, limiting bottom-line growth.
ZacksM&T Bank Corporation (MTB) Reports Next Week: Wall Street Expects Earnings Growth
M&T Bank Corporation (MTB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Simply Wall St.
M&T Bank Corporation (NYSE:MTB) is a favorite amongst institutional investors who own 85%
Key Insights Given the large stake in the stock by institutions, M&T Bank's stock price might be vulnerable to their...
Motley FoolWarren Buffett Has Sold Many Stocks. Did He Make a Mistake With These 2?
Buffett's company Berkshire Hathaway is not afraid to sell stocks when it realizes that something big has changed.
Motley FoolM&T Bank's Stock Is Starting to Turn the Corner
The large Buffalo, New York-based regional lender M&T Bank (NYSE: MTB) has had a chaotic last three years. When the pandemic first hit in 2020, the bank had to worry about its hotel loan portfolio based in New York City, which was one of the hardest-hit sectors in the hardest-hit regions early on in the pandemic. Then M&T took advantage of a more active deal environment and made its largest-ever acquisition, People's United.
ZacksNorthrim (NRIM) Rewards Investors With a 20% Dividend Hike
Northrim (NRIM) announces a 20% increase in dividend. Regular dividend hikes, along with share repurchases, will enhance shareholder value.
- Simply Wall St.
Here's What We Like About M&T Bank's (NYSE:MTB) Upcoming Dividend
It looks like M&T Bank Corporation ( NYSE:MTB ) is about to go ex-dividend in the next four days. The ex-dividend date...
- Zacks
M&T Bank (MTB) Announces 8.3% Increase in Quarterly Dividend
M&T Bank (MTB) announces a hike of 8.3% in its quarterly cash dividend. This, along with share repurchases and strategic buyouts, will continue to enhance shareholder value.
ZacksM&T Bank (MTB) Q4 Earnings Beat Estimates on Higher Revenues
Increase in revenues, solid loan and deposit balance and higher rates support M&T Bank's (MTB) Q4 earnings, while higher provisions and expenses pose as undermining factors.
ZacksM&T Bank Corporation (MTB) Q4 Earnings and Revenues Beat Estimates
M&T Bank Corporation (MTB) delivered earnings and revenue surprises of 2.24% and 5.99%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- Simply Wall St.
M&T Bank (NYSE:MTB) investors are sitting on a loss of 5.8% if they invested five years ago
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
GOBankingRatesNew York Waives Bank Fees and Warns of Price Gouging Amid Disastrous Winter Storm — What To Look Out For
In light of the devastating winter storm that is continuing to wreak havoc in New York, the state recently announced several measures to protect consumers and provide financial relief. See: What Is...