M&T Bank Corporation – Consensus indicates potential rise of 8.0%

M&T banking company with ticker code (MTB) now have 17 analysts covering the stock. Analyst consensus indicates a rating of “Hold”. The target price is between 190 and 147, with the average target price being 167.96. Given that the previous close of shares was at 155.59, this indicates that there is potential upwards of 8.0%. The 50-day moving average is now at 160.26 and the 200-day MA is at 147.73. The market capitalization of the company is $ 19,100 million. More information on: http://www.mtb.com

M&T Bank Corporation is a banking holding company providing 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 clients. The commercial real estate segment of the company creates, sells and manages commercial real estate loans; and offers depository services. Its discretionary portfolio segment provides deposits; securities, residential real estate loans and other assets; and short- and long-term borrowed funds, as well as foreign exchange services. The Company’s residential mortgage banking segment provides residential real estate loans to consumers and sells these loans in the secondary market; and buys management rights on loans issued by other entities. Its Retail Banking segment offers current, savings and term accounts; consumer installment loans, auto and recreational loans, home equity loans and lines of credit and credit cards; mutual funds and annuities; and other benefits. The company also ensures the management of trust and patrimony; fiduciary and guarding; investment management; and insurance agency services. It provides its services through bank offices, commercial banking centers, telephone and Internet banking, mobile banking and automated teller machines. As of December 31, 2020, the Company operated 716 national bank offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia; a full-service commercial banking office in Ontario, Canada; and an office in George Town, Cayman Islands. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

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