UPDATE: M&T Bank Q2 Adj. EPS $5.12 Beats $4.11 Estimate, Sales $2.60B Beat $2.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
M&T Bank reported Q2 earnings of $5.12 per share, beating the analyst consensus estimate of $4.11 by 24.57%. This is a 65.16% increase from the same period last year. The company also reported quarterly sales of $2.60 billion, beating the analyst consensus estimate of $2.39 billion by 8.87%. This is a 31.22% increase from the same period last year.
July 19, 2023 | 10:29 am
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POSITIVE IMPACT
M&T Bank's Q2 earnings and sales beat analyst estimates, showing significant YoY growth. This positive financial performance could potentially boost the company's stock price in the short term.
M&T Bank's Q2 earnings and sales exceeded analyst estimates, indicating strong financial performance. This positive news is likely to be well received by investors, potentially leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100