M&T Bank Corp (NYSE: MTB) has reported E.P.S. of $3.04 for its first fiscal quarter (ending March 31) versus $4.03 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $14.86 compared to $12.98 a year ago.
Recent Price Action
M&T Bank Corp (NYSE: MTB) stock closed at $140.94 on 4/15/24 after a large increase of 4.7%. Moreover, this advance was accompanied by exceptionally high trading volume at 256% of normal. The stock has risen 1.6% during the last week and has been strong relative to the market over the last nine months.
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 an important Value Builder.
M&T Bank has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. M&T Bank has a slightly positive Power Rating of 64 and a very high Appreciation Score of 89, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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