M&T Bank Q2 2024 Adj EPS $3.79 Beats $3.50 Estimate
Portfolio Pulse from Benzinga Newsdesk
M&T Bank (NYSE:MTB) reported Q2 2024 adjusted earnings per share (EPS) of $3.79, surpassing the analyst consensus estimate of $3.50 by 8.29%.
July 18, 2024 | 9:38 am
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POSITIVE IMPACT
M&T Bank reported Q2 2024 adjusted EPS of $3.79, beating the analyst estimate of $3.50 by 8.29%. This positive earnings surprise is likely to boost investor confidence and could lead to a short-term increase in the stock price.
The earnings beat indicates strong financial performance, which is likely to positively influence investor sentiment and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100