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Stock impact report

Truist Sees Slightly Better Long-Term Earnings Power at M&T Bank (MTB) [Yahoo! Finance]

M&T Bank Corporation (MTB) 
Last m&t bank corporation earnings: 4/20 06:37 am Check Earnings Report
US:NYSE Investor Relations: finance.yahoo.com/quote/m
Company Research Source: Yahoo! Finance
On January 20, Truist raised its price target on M&T Bank Corporation (NYSE:MTB) to $230 from $217 and kept a Hold rating after the bank posted a fourth-quarter earnings beat. The analyst noted that expenses ran a bit above the midpoint of management's guidance. Buybacks also came in slightly below what the firm had modeled based on CET1 levels. Even so, those moving pieces were enough to nudge Truist's 2027 EPS estimate up to $22 from $21. M&T reported higher profit for the fourth quarter on January 16, helped by stronger interest income and a rebound in mortgage banking. Rate cuts from the Federal Reserve have started to loosen things up again. Borrowing activity picked up, loan balances grew, and banks found some relief on the funding side as deposit costs eased. Net interest income rose nearly 3% from a year earlier to $1.78 billion. Net interest margin expanded to 3.69%, up from 3.58%, showing the bank is still managing spreads well even in a lower-rate environment. Lookin Show less Read more
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