StockChartsAI.com
All Chart Prices Delayed at least 15 minutesBefore accessing this site, you agree that you have read and agree to the disclaimers at the bottom of this page.
Stock Charts AI Power Rank: 7.3
Power Rank trend -> Falling
07/08/2024 11:06:00 EST
M&T Bank Corporation (MTB)
Industry: Banks - Regional
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, MTB has been trading in a range between $151.36 and $140.83 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Yellow zone which means the stock is transitioning zones. We would avoid this stock currently.
Upside / Downside Potential
M&T Bank Corporation $MTB entered a Yellow zone 1 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $152.08, a potential upside of 3.82% from the recent price of 146.49. The stock is trading 5.99% (potential upside) below its 52 week high of $155.26 and 38.88 % (potential downside) above its 52 week low of $105.48 - based on the recent price.
Company Summary
M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It offers a range of credit products and banking services, such as commercial lending and leasing, letters of credits, commercial real estate loans, and credit facilities secured by various commercial real estate to middle-market and large commercial customers.
News
| This is how much the largest 20 U.S. banks raised dividends after stress tests With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients early Monday. Source: Market Watch Mon, 01 Jul 2024 08:44:00 -0400 Sentiment: Positive |
| M&T Bank Corporation Announces Preliminary Stress Capital Buffer BUFFALO, N.Y. , June 28, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T" or the "Company") (NYSE: MTB) today announced the Federal Reserve Board has determined the Company's preliminary stress capital buffer ("SCB") requirement is 3.8%, down from 4.0% previously. Source: PRNewsWire Fri, 28 Jun 2024 16:50:00 -0400 Sentiment: Neutral |
| 7.3% Yield And Investment Grade? Yes! M&T Bank Individual preferred securities have delivered significant total returns over the past year. Amidst elevated interest rates, quality companies are offering new high-coupon preferreds and bonds. M&T Bank Corporation's latest issue is one such high-quality opportunity. As an income investor, we are delighted by these opportunities and are buying M&T Bank Corporation shares before the Fed makes a policy change. Source: Seeking Alpha Fri, 21 Jun 2024 08:30:00 -0400 Sentiment: Positive |
| M&T Bank Corporation Announces Second Quarter 2024 Earnings Release and Conference Call BUFFALO, N.Y. , June 20, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) plans to announce its second quarter 2024 earnings results in a press release that will be issued before the market opens on Thursday, July 18, 2024. Source: PRNewsWire Thu, 20 Jun 2024 11:27:00 -0400 Sentiment: Neutral |
| M&T Bank (MTB) Arm Partners with BXMT on Agency MF Lending M&T Bank's (MTB) division, M&T Realty Capital's collaboration with BXMT, enables the latter's borrowers' expanded access to multifamily agency financing. Source: Zacks Investment Research Mon, 17 Jun 2024 13:01:30 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 155.2551 52 Week Low: 105.4783 Beta: 0.764 50 Day MA: 148.4558 200 Day MA: 136.4902 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.247 Qtr Revenue Growth YOY: -0.098 Forward PE: 9.5694 Trailing PE: 9.898