M&T Bank Corporation (MTB) Releases Earnings Results, Misses Expectations By $-0.02 EPS

M&T Bank Corporation (MTB) reported quarterly earnings results on Monday, Apr-18-2016. The company reported $1.87 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $1.89. Analysts expectations of $1294.03 million. During the same quarter in the previous year, the company posted $1.65 EPS.

Many Wall Street Analysts have commented on M&T Bank Corporation. M&T Bank Corporation was Initiated by Piper Jaffray to “Neutral” on Mar 30, 2016. M&T Bank Corporation was Resumed by JP Morgan to “Neutral” on Jan 21, 2016. Shares were Reiterated by FBR Capital on Jan 20, 2016 to “Mkt Perform” and Lowered the Price Target to $ 112 from a previous price target of $130 .

M&T Bank Corporation closed down -1.41 points or -1.21% at $114.81 with 8,93,847 shares getting traded on Friday. Post opening the session at $116.57, the shares hit an intraday low of $114.01 and an intraday high of $116.67 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Dec 18, 2015, Richard S Gold (Executive Vice President) sold 6,225 shares at $125.37 per share price. According to the SEC, on Dec 16, 2015, Michael R Spychala (Sr. VP & Controller) sold 7,090 shares at $124.59 per share price. On Dec 16, 2015, Janet M. Coletti (Executive Vice President) sold 5,666 shares at $124.06 per share price, according to the Form-4 filing with the securities and exchange commission.

M&T Bank Corporation (M&T) is a bank holding company for M&T Bank and Wilmington Trust National Association (Wilmington Trust N.A.). The Company’s segments include Business Banking Commercial Banking Commercial Real Estate Discretionary Portfolio Residential Mortgage Banking and Retail Banking. The Business Banking segment provides deposit lending cash management and other financial services. The Commercial Banking segment offers credit products and banking services for middle-market and commercial customers. Its Commercial Real Estate segment provides credit and deposit services. The Discretionary Portfolio segment includes investment and trading securities loans and other assets and borrowed funds. The Residential Mortgage Banking segment originates and services residential mortgage loans. The Retail Banking segment offers a range of services to consumers through delivery channels. It operates over 800 retail and commercial branches and 1600 automated teller machines.

M&T Bank Corporation

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