M&T Bank Corporation (MTB) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. MTB said it had a profit of $2.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $2.04. Analysts expectations of $1319.89 million. During the same quarter in the previous year, the company posted $1.95 EPS.
Many Wall Street Analysts have commented on M&T Bank Corporation. Wedbush Initiated M&T Bank Corporation on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $117.
M&T Bank Corporation opened for trading at $114.66 and hit $115.33 on the upside on Friday, eventually ending the session at $113.87, with a gain of 0.62% or 0.7 points. The heightened volatility saw the trading volume jump to 11,38,814 shares. Company has a market cap of $17,851 M.
In a different news, on Aug 31, 2016, Robert G Wilmers (Chairman of the Board and CEO) sold 100,000 shares at $118.35 per share price. According to the SEC, on Aug 29, 2016, Michele D Trolli (Exec. VP & Chief Info. Officer) sold 5,000 shares at $117.88 per share price. On Aug 29, 2016, Kevin J Pearson (Executive Vice President) sold 33,379 shares at $116.75 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.