M&T Bank Corporation – Consensus indicates potential rise of 18.2%
M&T banking company with ticker code (MTB) now have 17 analysts covering the stock. Analyst consensus indicates a rating of âHoldâ. The range between the high target price and the low target price is between 201 and 137.75 with an average TP of 161.34. With the stock’s previous close at 136.5, this indicates that there is upside potential of 18.2%. The 50 day MA is 137.99 and the 200 moving average now drops to 148.06. The company has a market capitalization of $ 18,266 million. You can visit the company’s website by visiting: 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 finance 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 security; 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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