M&T Bank Corporation – Consensus indicates 1.5% upside potential

M&T Banking Corporation found using ticker (MTB) now have 18 analysts covering the stock. Analyst consensus points to a buy rating. The range between the high target price and the low target price is between 215 and 160, with the middle target price at 188.91. Together with the stock’s previous close at 186.1, this indicates that there is 1.5% upside potential. There is a 50 day moving average of 166.44 and the 200 moving average is now moving to 152.91. The market cap of the company is $23,506 million. More information on: https://www.mtb.com

The potential market capitalization would be $23,861 million based on market consensus.

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M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The Company’s Business Banking segment provides deposit, lending, cash management and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial loans and leases, letters of credit and cash management services to medium and large commercial enterprises. The Company’s commercial real estate segment originates, sells and services commercial real estate loans; and offers deposit services. Its discretionary portfolio segment provides deposits; securities, residential real estate loans and other assets; and short-term and long-term borrowed funds, as well as foreign exchange services. The Company’s Residential Mortgage Banking segment offers residential real estate loans to consumers and sells these loans in the secondary market; and purchases service rights on loans issued by other entities. Its Retail Banking segment offers current, savings and term accounts; consumer installment loans, auto and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also offers fiduciary management and wealth management services; trustee and custodian; investment management; and insurance agency services. It offers its services through banking offices, business banking centers, telephone and internet banking, mobile banking and ATMs. As of December 31, 2021, the company operated 688 national banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; a full-service commercial banking office in Ontario, Canada; and an office in George Town, Cayman Islands. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

Floyd N. Morlan