M&T Bank Corporation (NYSE:MTB) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: September 29, 2016
Zacks Investment Research has downgraded M&T Bank Corporation (NYSE:MTB) to Sell in a report released on 9/29/2016.
Just yesterday M&T Bank Corporation (NYSE:MTB) traded -1.01% lower at $114.94. M&T Bank Corporation’s 50-day moving average is $116.75 and its 200-day moving average is $115.72. The last stock close price is down -1.02% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time period. 809,046 shares of the stock traded hands, down from an avg. volume of 812,642
With a market cap of $0, M&T Bank Corporation has one year low of $100.08 and a one year high of $127.39 with a price-earnings ratio of 15.75 .
A total of 21 brokerages have issued a ratings update on M&T Bank Corporation. zero brokerages rating the company a strong buy, four firms rating the stock a buy, 21 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell with a consensus target price of $120.43.
General Information About M&T Bank Corporation (NYSE:MTB)
M&T Bank Corporation (M&T) is a bank holding company. The Company, through its subsidiaries, M&T Bank and Wilmington Trust, National Association (Wilmington Trust, N.A.), offer a range of retail and commercial banking, trust and wealth management, and investment services to their customers. M&T's segments include Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. The Business Banking segment provides a range of services to small businesses and professionals. The Commercial Real Estate segment provides credit and deposit services to its customers. The Discretionary Portfolio segment includes investment and trading account securities; residential real estate loans and other assets, and Cayman Islands office deposits. The Residential Mortgage Banking segment primarily originates and services residential mortgage loans. The Retail Banking segment offers a range of retail banking services to consumers.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.