M & T Bank Corp (MTB) has become a popular choice among institutional investors with an estimated 88% institutional ownership. MTB swore in Neeraj Singh as the new Chief Risk Officer and Krista Phillips as the new Chief Customer Officer. The corporation announced a substantial $4 Billion share buyback signaling a strong capital position. Q4 earnings exceeded expectations with a net income of $681M, pushing its capital ratio to 11.67%. However, MTB shares were downgraded to a sell rating by StockNews.com. MTB's quarterly preferred stock dividends for Series H and J shareholders were announced. Despite a decrease in short interest, the Bank reported a drop in market cap by US$1.8 billion and a stock fall of 5.2% over the past week due to declining annual earnings. The company intends to maintain its Market Perform Rating as per its growth strategy. MTB is teaming up with Clara Capital for Treasury Services. A SWOT analysis reveals that MTB stocks are expected to rise, giving adequate reasons to buy now. Price over earnings overview reflects dividends growth at a fair price. Nevertheless, an insider sale of US$31m is signaling caution. Lastly, MTB has planned to release a new investor presentation.
M t Bank Corp MTB News Analytics from Thu, 18 Jul 2024 07:00:00 GMT to Sat, 01 Feb 2025 04:10:47 GMT -
Rating -2
- Innovation 0
- Information 8
- Rumor -1
