M&T Bank Corporation (MTB) is Reiterated by Wedbush to Neutral, Raises Price Target to $ 134

M&T Bank Corporation (MTB) was Reiterated by Wedbush to “Neutral” according to the research note released today. The brokerage firm has raised the Price Target to $ 134 from a previous price target of $128 . Wedbush advised their investors in a research report released on Nov 30, 2016.

Many Wall Street Analysts have commented on M&T Bank Corporation. Company shares were Reiterated by FBR & Co. on Oct 20, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 120 from a previous price target of $115 .Wedbush Initiated M&T Bank Corporation on Oct 7, 2016 to “Neutral”, Price Target of the shares are set at $117.

On the company’s financial health, M&T Bank Corporation reported $2.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $2.04.Analysts expectations of $ 1319.89.During the same quarter in the previous year, the company posted $1.95 EPS.

M&T Bank Corporation opened for trading at $141.16 and hit $141.73 on the upside on Tuesday, eventually ending the session at $140.79, with a gain of 0.05% or 0.07 points. The heightened volatility saw the trading volume jump to 9,30,069 shares. Company has a market cap of $21,829 M.

In a different news, on Nov 23, 2016, Michael J. Todaro (Executive Vice President) sold 13,101 shares at $141.68 per share price. According to the SEC, on Nov 18, 2016, John L Dangelo (Sr. VP & General Auditor) sold 2,974 shares at $136.94 per share price. On Nov 16, 2016, Kevin J Pearson (Executive Vice President) sold 16,000 shares at $138.41 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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