Preview: M&T Bank's Earnings
Portfolio Pulse from Benzinga Insights
M&T Bank (NYSE:MTB) is scheduled to release its quarterly earnings report on January 18, 2024. Analysts predict an EPS of $3.49. Investors will be looking for an earnings beat and positive guidance for future growth. Historically, M&T Bank's stock price has shown mixed reactions to earnings reports. The stock is currently trading at $131.39, with a 52-week decrease of 15.32%. Shareholders may have a bearish outlook ahead of the earnings release.
January 17, 2024 | 2:01 pm
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M&T Bank is expected to report an EPS of $3.49 in its upcoming earnings. Historical data shows a mixed stock price reaction to earnings reports. Currently, the stock is down 15.32% from its 52-week high.
The expected EPS is a key indicator for the upcoming earnings report, but M&T Bank's stock has historically had a mixed response to earnings releases. The current downward trend in the stock's 52-week performance may indicate a bearish sentiment among long-term investors, which could temper any positive reaction to an earnings beat. However, the actual impact will largely depend on whether the company meets or exceeds expectations and provides positive future guidance.
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