Market News AIOpen the app

Analysts raised their predictions for M&T Bank after the company reported strong earnings for the third quarter.

ResultsRead the original at Benzinga
Good for MTB

M&T Bank reported earnings and sales above estimates, with loan and deposit growth, stable credit, and solid capital. Analysts cut both price targets, but the operating results still point to a stronger business outlook.

MTB · M&T Bank

AI read · Good for MTB

The AI's read

The small beats and continued loan and deposit growth point to more customer business. Stable credit and a solid capital position also support the bank's ability to serve borrowers. Analysts lowered both price targets, which tempers the upbeat picture. They kept positive ratings, and the company's operating results still lean favorable.

Get alerts for MTB

Follow M&T Bank (MTB) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for MTB
Free on the App Store and Google Play, or on the web.