M&T Bank Corporation (MTB) is expected to beat earnings estimates. The bank's stock recently hit a new 12-month high at $156.66 and announced quarterly preferred stock dividends. Different investors and institutions, such as
GSA Capital Partners and
Nordea Investment Management, have acquired significant stakes in MTB. Following this, various evaluations such as the strategic SWOT insight indicate the strength and performance of the bank. Despite this, there has been insider trading with Sr. Executive Vice President Christopher Kay selling shares. MTB notched an
increase in quarterly dividends by 4%. The bank's common stock dividend was also announced for the first quarter. The company also announced preliminary stress capital buffer. Despite mixed results amid economic headwinds, there's good news as the bank expects the Q2 CET1 ratio to be over 11.35%. MTB, characterized by dominance by institutional owners to the tune of 86%, continues to trade favorably despite underperformance compared to competitors. Analysts estimate
M&T Bank Corporation to report a decline in earnings, however, the bank reported $3.02 EPS and $531 M in net income for Q1. Furthermore,
M&T bank (MTB)'s organic growth continues despite rising costs.
M t Bank Corp MTB News Analytics from Thu, 21 Sep 2023 07:00:00 GMT to Sun, 14 Jul 2024 11:41:13 GMT -
Rating 7
- Innovation 2
- Information 5
- Rumor -2
