M&T Bank Corporation (MTB) Stock Price, News, Quote & History - Yahoo Finance (2024)

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159.76 -0.55 (-0.34%)

At close: August 7 at 4:00 PM EDT

158.52 -1.24 (-0.78%)

Pre-Market: 4:09 AM EDT

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9/21 12:03 PM

DELL

Date
Close
Open
High
Low
Volume
  • Previous Close 160.31
  • Open 163.00
  • Bid --
  • Ask --
  • Day's Range 159.47 - 164.23
  • 52 Week Range 108.53 - 176.44
  • Volume 708,078
  • Avg. Volume 892,846
  • Market Cap (intraday) 26.68B
  • Beta (5Y Monthly) 0.76
  • PE Ratio (TTM) 11.85
  • EPS (TTM) 13.48
  • Earnings Date Oct 17, 2024
  • Forward Dividend & Yield 5.40 (3.38%)
  • Ex-Dividend Date Jun 3, 2024
  • 1y Target Est 177.49

M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management. It offers a range of credit products and banking services, such as commercial lending and leasing, letters of credits, commercial real estate loans, and credit facilities secured by various commercial real estate to middle-market and large commercial customers. The company also provides customers deposit products, including demand, savings and time accounts, and other services; automobile and recreational finance loans, home equity loans and lines of credit, credit cards, and other loan products, as well as residential mortgage and real estate loans; business loans, cash management, payroll, and direct deposit services to consumers and small businesses through branch network, telephone banking, internet banking, and automated teller machines. In addition, it offers trustee, agency, investment management, security brokerage, and administrative services; personal trust, planning, fiduciary, asset management, family office, and other services; and investment products, including mutual funds and annuities, and other services for corporations and institutions, investment bankers, corporate tax, finance and legal executives, and other institutional clients. The company was founded in 1856 and is headquartered in Buffalo, New York.

www3.mtb.com

22,110

Full Time Employees

December 31

Fiscal Year Ends

Financial Services

Sector

Banks - Regional

Industry

Recent News: MTB

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All SEC Filings

Corporate Changes & Voting Matters

Periodic Financial Reports

Proxy Statements

Tender Offer/Acquisition Reports

Offering Registrations

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Performance Overview: MTB

Trailing total returns as of 8/7/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

MTB

18.70%

S&P 500

9.01%

1-Year Return

MTB

18.75%

S&P 500

16.11%

3-Year Return

MTB

28.08%

S&P 500

17.20%

5-Year Return

MTB

21.82%

S&P 500

80.43%

Compare To: MTB

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Statistics: MTB

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Valuation Measures

As of 8/7/2024

  • Market Cap

    26.68B

  • Enterprise Value

    --

  • Trailing P/E

    11.84

  • Forward P/E

    11.47

  • PEG Ratio (5yr expected)

    --

  • Price/Sales (ttm)

    2.91

  • Price/Book (mrq)

    1.04

  • Enterprise Value/Revenue

    4.93

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    27.83%

  • Return on Assets (ttm)

    1.13%

  • Return on Equity (ttm)

    8.70%

  • Revenue (ttm)

    8.47B

  • Net Income Avi to Common (ttm)

    2.25B

  • Diluted EPS (ttm)

    13.48

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    26.94B

  • Total Debt/Equity (mrq)

    --

  • Levered Free Cash Flow (ttm)

    --

View More

Research Analysis: MTB

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M&T Bank Corporation (MTB) Stock Price, News, Quote & History - Yahoo Finance (2024)

FAQs

M&T Bank Corporation (MTB) Stock Price, News, Quote & History - Yahoo Finance? ›

M&T Bank's analyst rating consensus is a Moderate Buy. This is based on the ratings of 15 Wall Streets Analysts.

Is MTB a buy or sell? ›

M&T Bank's analyst rating consensus is a Moderate Buy. This is based on the ratings of 15 Wall Streets Analysts.

Is my money safe in M&T bank? ›

Your deposits at M&T Bank are fully insured by the FDIC up to the standard insurance amount of $250,000.

Is M&T a stable bank? ›

Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress. M&T Bank has the Financial Strength Rank of 4.

Who is M&T bank merging with? ›

Connecticut Attorney General William Tong has been a frequent critic of M&T Bank's customer service since the company completed in April 2022 its $8.3 billion acquisition of People's United Bank.

What is the target price for M&T stock? ›

Based on short-term price targets offered by 21 analysts, the average price target for M&T Bank Corporation comes to $178.13. The forecasts range from a low of $133.65 to a high of $208.00. The average price target represents an increase of 9.76% from the last closing price of $162.29.

Is MTB a good bank? ›

While M&T's CD may offer a decent APY for some terms, its savings accounts earn very little interest. Look elsewhere if earning a high yield on your savings is a priority for you. M&T Bank has a nice variety of accounts, but they aren't always competitive in terms of rates and fees.

What are the disadvantages of M&T bank? ›

Cons
  • You need to have an M&T Bank checking account to open a Select CD.
  • You can't deposit $100,000 or more online. That has to be done at a branch.

How strong is M&T bank? ›

For 14 consecutive years, M&T has ranked among the top 10 U.S. Small Business Administration (SBA) lenders. During the SBA's 2022 fiscal year, which ended Sept. 30, 2022 , M&T provided 1,440 loans for $203.8 million , ranking the bank the sixth-largest SBA lender in the country.

How secure is M&T bank? ›

M&T employs multiple layers of security and defense including: Network and location perimeter protection. Real time continuous monitoring and detection of security incidents. Vulnerability and penetration testing.

How solid is M&T bank? ›

The bottom line: M&T Bank is a solid option if you live near a branch and prefer in-person banking to online banking. It also offers CDs with fixed and variable rates. But if you're open digital banking, the best online banks pay higher rates.

Where does M&T bank rank in the US? ›

List of largest banks in the United States
RankBank nameMarket capitalization (billions of US$ as of 12/31/2023)
18Citizens Financial Group$15.45
19First Citizens BancShares$20.47
20USAAN/A
21M&T Bank$22.75
69 more rows

Why was M&T bank downgraded? ›

The credit ratings downgrade reflects M&T's weakening asset quality metrics, which has led to the current elevated levels of nonperforming loans (NPLs) and criticized loans.

What was the old name of M&T bank? ›

M&T Bank reorganized under a bank holding company in 1969 called First Empire State Corporation. The name was changed in 1998 to M&T Bank Corporation, whose common stock is listed on the New York Stock Exchange and trades under the symbol "MTB."

What is the M&T bank controversy? ›

Filed: August 25, 2023 ◆§ 1:23-cv-00892. A class action claims M&T Bank's failure to safeguard consumers' personal information resulted in a data breach announced by the bank in August 2023.

What is the new name for M&T bank? ›

M&T Bank traces its origins to the founding of Manufacturers and Traders Bank in Buffalo, New York. As a result of mergers, acquisitions and name changes, M&T Bank Corporation's principal bank is now known as Manufacturers and Traders Trust Company, or M&T Bank.

Is MT stock a buy or sell? ›

ArcelorMittal has a consensus rating of Hold which is based on 0 buy ratings, 3 hold ratings and 0 sell ratings. The average price target for ArcelorMittal is $29.80. This is based on 3 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

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