M&T Bank Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
M&T Bank Corporation (NYSE:MTB) is set to release its Q1 earnings on April 15, 2024, with analysts forecasting earnings of $3.09 per share and revenue of $2.26 billion. The bank recently appointed Sarah Knakmuhs as Chief Communications Officer. Shares dropped 0.5% to $134.56 recently. Analysts from Jefferies, Keefe, Bruyette & Woods, Morgan Stanley, Piper Sandler, and RBC Capital have provided varied ratings and price targets for MTB, reflecting diverse expectations for the bank's financial performance.
April 15, 2024 | 5:59 am
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NEUTRAL IMPACT
M&T Bank is anticipated to report Q1 earnings with an EPS of $3.09 and revenue of $2.26 billion. Recent analyst adjustments and a new Chief Communications Officer could influence investor sentiment.
The anticipation of M&T Bank's Q1 earnings, combined with recent analyst ratings adjustments and the appointment of a new Chief Communications Officer, could sway investor sentiment. However, the mixed direction of analyst price target adjustments and the recent slight stock price decline suggest a neutral short-term impact on the stock price, as market participants may have already priced in these expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100