🤯 Picked by our AI, this stock rallied more than Nvidia this month, yielding 94% since MarchSee the stock

These Analysts Revise Price Targets On M&T Bank Following Upbeat Q1 Earnings

Published 18/04/2023, 13:57
© Reuters.  These Analysts Revise Price Targets On M&T Bank Following Upbeat Q1 Earnings
MTB
-

Benzinga - M&T Bank Corporation (NYSE: MTB) reported better-than-expected Q1 results.

M&T reported a Q1 revenue of $2.4 billion (+67.4% Y/Y), beating the consensus of $2.37 billion. Diluted net operating EPS was $4.09, beating the consensus of $3.98.

M&T Bank shares jumped 7.8% to close at $125.66 on Monday.

These analysts made changes to their price targets on M&T Bank following earnings announcement.

  • Wells Fargo cut the price target on M&T Bank from $155 to $145. Wells Fargo analyst Christopher Spahr maintained the stock with an Equal-Weight.
  • JP Morgan raised the price target on M&T Bank from $125 to $133. JP Morgan analyst Steven Alexopoulos maintained a Neutral rating.

Now Read This: Investor Optimism Improves Ahead Of Major Earnings Reports

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.