M&T Bank Corporation (NYSE:MTB) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 20, 2016
Yesterday M&T Bank Corporation (NYSE:MTB) traded 0.55% higher at $115.79. MTB’s 50-day moving average is $116.60 and its two hundred day average is $115.43. With the last stock price close up 0.20% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. 220,937 shares of MTB traded, down from ann average trading volume of 865,025.
Zacks Investment Research has upgraded M&T Bank Corporation(NYSE:MTB) to Hold in a statement released Tuesday September 20 2016.
On 7/21/2016, FBR Capital released a statement on M&T Bank Corporation(NYSE:MTB) dropped the target price from $120.00 to $105.00. At the time, this indicated a possible downside of -0.07%.
Recent Performance Graphic:
In addition to Zacks Investment Research reporting it’s stock price target, a total of 21 firms have issued a research note on M&T Bank Corporation. The average target price is $120.43 with 0 rating the company a strong buy, four firms rating the company a buy, 21 firms rating the stock a hold, 0 rating the company to underperform, and lastly one brokerage rating the company as sell.
M&T Bank Corporation has a one-year low of $100.08 and a one-year high of $127.39 with a P/E ratio of 16. The company’s total market value is presently $0.0.
General Company Details For 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 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.
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