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Stock Charts AI Power Rank: 9.2
Power Rank trend -> Rising
09/06/2024 16:10:00 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 $170.75 and $158.75 (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.
MTB is trading below resistance at $174.90, about 5% to the upside. There is support at $153.79 -8% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
M&T Bank Corporation $MTB entered a Green zone 14 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $152.08, a potential down side of -8.67% from the recent price of 166.51. The stock is trading 5.13% (potential upside) below its 52 week high of $175.05 and 59.11 % (potential downside) above its 52 week low of $104.65 - 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
| M&T Bank Corporation Announces Third Quarter 2024 Earnings Release and Conference Call BUFFALO, N.Y. , Sept. 5, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE: MTB) plans to announce its third quarter 2024 earnings results in a press release that will be issued before the market opens on Thursday, October 17, 2024. Source: PRNewsWire Thu, 05 Sep 2024 20:57:00 -0400 Sentiment: Neutral |
| Financial Upgrades: BAC, V, & MTB A morning of upgrades in financial stocks shone a bright spot on an early post-holiday sell-off. Bank of America (BAC), Visa (V), and M&T Bank (MTB) all received upgrades from analysts. Source: Schwab Network Tue, 03 Sep 2024 10:38:59 -0400 Sentiment: Positive |
| Forget New York Community Bancorp: Billionaires Are Buying Up This Bank Stock Instead When interest rates rose and banking became a more difficult business, New York Community Bancorp quickly found itself in need of a bailout. M&T Bank faced the same difficult conditions and hasn't skipped a beat. Source: The Motley Fool Sat, 24 Aug 2024 08:30:00 -0400 Sentiment: Negative |
| M&T Bank Corporation Announces Third Quarter Common Stock Dividend BUFFALO, N.Y. , Aug. 20, 2024 /PRNewswire/ -- M&T Bank Corporation ("M&T") (NYSE:MTB) announced that it has declared a quarterly cash dividend of $1.35 per share on its common stock. Source: PRNewsWire Tue, 20 Aug 2024 17:32:00 -0400 Sentiment: Neutral |
| M&T Bank draws downgrade on ‘mixed bag' from lower interest rates M&T Bank Corp. was downgraded to underweight from equal-weight at Wells Fargo on Thursday as one analyst said the regional-banking giant faces potential downside from its exposure to lower interest rates and competition from larger players in mid-tier cities. Source: Market Watch Thu, 15 Aug 2024 11:53:00 -0400 Sentiment: Negative |
Technicals 52 Week Hi: 175.0496 52 Week Low: 104.6472 Beta: 0.744 50 Day MA: 162.8166 200 Day MA: 146.1431 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.262 Qtr Revenue Growth YOY: -0.122 Forward PE: 10.4712 Trailing PE: 12.3432