Alert: Positive Investment/Fundamental Signals (12/18/23)-M&T Bank Corp (NYSE: MTB)


M&T Bank Corp (NYSE: MTB) has recently enjoyed meaningful positive changes in fundamentals: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.

Recent meaningful positive changes in investment behavior have benefitted M&T Bank Corp (NYSE: MTB): its longer term price trend turned up.

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

With future capital returns forecasted to be above 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. M&T Bank has a good Power Rating of 70 and a very high Appreciation Score of 92, and the Highest Value Trend Rating results.

Recent Price Action

M&T Bank Corp (NYSE: MTB) stock closed at $137.13 on 12/18/23 after a decline of -3.9%. Moreover, this decline was accompanied by unusually high trading volume at 151% of normal. The stock has risen 3.4% during the last week and has been strong relative to the market over the last nine months.

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