M&T Bank Corporation – Consensus Says Potential Rise of 14.6%

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M&T banking company with the ticker code (MTB) now have 17 analysts covering the stock with the consensus suggesting a “Hold” rating. The target price varies between 190 and 147 by calculating the average target price that we see 167.96. Now, with the previous closing price of 146.62, that would indicate that there is a potential upside of 14.6%. The 50-day moving average is 158.47 while the 200-day moving average is 148.6. The company has a market capitalization of $ 19,021 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 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 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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