M&T Bank Analysts Boost Their Forecasts Following Upbeat Earnings
Portfolio Pulse from Avi Kapoor
M&T Bank Corporation (NYSE:MTB) reported better-than-expected second-quarter earnings, with EPS of $3.79 beating the consensus estimate of $3.50 and sales of $2.302 billion surpassing expectations of $2.277 billion. Analysts have subsequently raised their price targets for the stock.
July 19, 2024 | 6:03 pm
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M&T Bank reported strong Q2 earnings, beating both EPS and sales estimates. Analysts have raised their price targets, reflecting positive sentiment.
M&T Bank's better-than-expected earnings and increased price targets from analysts indicate a positive short-term outlook for the stock. The company's strong financial performance and improved credit metrics contribute to this sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100