M&T Bank Q3 2024 Adj. EPS $4.08 Beats $3.64 Estimate, Sales $2.332B Beat $2.318B Estimate
Portfolio Pulse from Benzinga Newsdesk
M&T Bank reported Q3 2024 earnings of $4.08 per share, surpassing the analyst estimate of $3.64. Sales were $2.332 billion, also beating the estimate of $2.318 billion. Earnings increased by 0.74% from last year, while sales slightly decreased by 0.13%.
October 17, 2024 | 9:21 am
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POSITIVE IMPACT
M&T Bank's Q3 2024 earnings per share of $4.08 exceeded expectations, marking a 12.09% beat over the $3.64 estimate. Sales also surpassed estimates, though they slightly decreased from last year.
The positive earnings surprise and sales beat are likely to boost investor confidence, potentially driving the stock price up in the short term. The slight decrease in sales from last year is overshadowed by the earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100