M&T Bank Corp (MTB) has been making significant movements in the financial and investment spheres. The bank has announced its
quarterly preferred stock dividends for Series H and J shareholders, while its forthcoming reports are anticipated to indicate
earnings growth. In a strategic move, it has appointed
Krista Phillips, a Wells Fargo veteran, as the first Chief Customer Officer. Part of M&T Bank's strategy was reflected in its decision to cut the
prime lending rate to 7.50%. With a current buy recommendation from
Truist Securities, the bank's stock has been performing well, evidenced by a 43% return over one year. It also generated higher net interest margins in Q3, leading to strong Q3 2024 earnings. Yet, despite the bank's successes, its shares saw a 3.44% decrease on November 7th. Interestingly, up to 87% ownership of M&T Bank belongs to institutional investors. With several important dates released for its forthcoming 2025-2026 earnings call schedule and the consistent growth in dividends, M&T Bank's financial future seems robust.
M t Bank Corp MTB News Analytics from Mon, 19 Feb 2024 05:04:25 GMT to Fri, 10 Jan 2025 21:55:01 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor 4
