M&T Bank Corporation – Consensus indicates 6.2% upside potential

M&T Banking Corporation with the ticker code (MTB) now have 19 analysts covering the stock with the consensus suggesting a rating of “Buy”. The range between the target price high and the target price low is between 242 and 169 by calculating the average target price we have 202.48. Given that the stock’s previous close was at 190.72, this would indicate that there is upside potential of 6.2%. There is a 50 day moving average of 169.3 and the 200 moving average is now moving to 168.2. The company has a market capitalization of $33,574 million. Company website: https://www3.mtb.com

The potential market capitalization would be $35,644 million based on market consensus.

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M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The Company’s Business Banking segment provides deposit, lending, cash management and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial loans and leases, letters of credit and cash management services to medium and large commercial enterprises. The Company’s commercial real estate segment originates, sells and services commercial real estate loans; and offers deposit services. Its discretionary portfolio segment provides deposits; securities, residential real estate loans and other assets; and short-term and long-term borrowed funds, as well as foreign exchange services. The Company’s Residential Mortgage Banking segment offers residential real estate loans to consumers and sells these loans in the secondary market; and purchases service rights on loans issued by other entities. Its Retail Banking segment offers current, savings and term accounts; consumer installment loans, auto and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also offers trust management and wealth management services; trustee and custodian; Insurance Agency; institutional brokerage and securities; and investment management services. It offers its services through bank offices, business banking centers, telephone and internet banking, and automated banking machines. As of December 31, 2021, the company operated 688 national banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; and a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

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