M&T Bank Corporation (MTB) is Downgraded by Nomura to Neutral, Lowers Price Target to $ 103

M&T Bank Corporation (MTB) was Downgraded by Nomura to ” Neutral” while Lowering the Price Target of the company shares to $ 103 from a previous price target of $131 . Earlier the firm had a rating of “Buy ” on the company shares. Nomura advised their investors in a research report released on Jul 7, 2016.

Many Wall Street Analysts have commented on M&T Bank Corporation. M&T Bank Corporation was Resumed by Piper Jaffray to “Neutral” on Jul 5, 2016. Shares were Downgraded by Robert W. Baird on Apr 21, 2016 to ” Underperform” and Lowered the Price Target to $ 115 from a previous price target of $125 .M&T Bank Corporation was Downgraded by Portales Partners to ” Sector Perform” on Apr 21, 2016.

On the company’s financial health, M&T Bank Corporation reported $1.87 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 18, 2016. Analyst had a consensus of $1.89.Analysts expectations of $ 1294.03.During the same quarter in the previous year, the company posted $1.65 EPS.

M&T Bank Corporation closed down -4.18 points or -3.57% at $112.87 with 12,28,704 shares getting traded on Tuesday. Post opening the session at $115.75, the shares hit an intraday low of $112.07 and an intraday high of $115.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Jun 7, 2016, Robert J Bojdak (Executive Vice President) sold 1,703 shares at $117.10 per share price. According to the SEC, on May 16, 2016, Mark J Czarnecki (President) sold 25,332 shares at $115.04 per share price. On May 2, 2016, D Scott N Warman (Executive Vice President) sold 503 shares at $119.72 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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