Alert: Positive Investment/Fundamental Signals (12/1/23)-M&T Bank Corp (NYSE: MTB)


Extremely important positive changes in investment behavior have recently occurred for M&T Bank Corp (NYSE: MTB): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

M&T Bank Corp (NYSE: MTB). Notable positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, MTB is expected to continue to be a Value Builder.

M&T Bank has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. M&T Bank has a slightly positive Power Rating of 65 and a very high Appreciation Score of 93, resulting in the Highest Value Trend Rating.

Recent Price Action

M&T Bank Corp (NYSE: MTB) stock closed at $132.71 on 12/1/23 after a large increase of 3.5%. Moreover, trading volume in this advance was above average at 120% of normal. The stock has risen 6.1% during the last week and has been strong relative to the market over the last nine months.

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