M&T Bank Corporation – Consensus shows upside potential of 18.2%
M&T bank company With a ticker code (MTB), 17 analysts now have an eye on the share. Analysts’ consensus suggests a ‘Hold’ rating. The range between the high target price and the low target price is between 201 and 137.75 with a mean TP of 161.34. With stocks previously closing at 136.5, this points to a potential upside of 18.2%. The 50-day MA is 137.99 and the 200-day moving average is now hovering at 148.06. The company has a market capitalization of $ 18,266 million. Visit the company’s website at: http://www.mtb.com
M&T Bank Corporation is a bank holding company that provides commercial and retail banking services. The company’s business banking segment provides small business owners and professionals with deposits, loans, cash management, and other financial services. The Commercial Banking segment offers deposit products, commercial loans and leasing, letters of credit and cash management services for medium-sized and large commercial customers. The company’s Commercial Real Estate segment issues, sells and services commercial real estate loans; and offers deposit services. The “Discretionary Portfolios” segment offers deposits; Securities, home loans and other assets; and short and long term borrowings and foreign exchange services. The company’s Residential Mortgage Banking segment provides residential home loans to consumers and sells those loans in the secondary market; and acquires operating rights to loans granted by other companies. The Retail Banking segment offers requirement, savings and time accounts; Consumer installment loans, auto and leisure finance loans, home equity loans and lines of credit, and credit cards; Mutual funds and annuities; and other services. The company also offers fiduciary and asset management; Trustees and custodians; Investment management; and insurance agency services. It offers its services through bank offices, commercial banking centers, telephone and internet banking, mobile banking and ATMs. As of December 31, 2020, the company operates 716 domestic banking offices in New York, 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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