Argus Starts M&T Bank (MTB) at Hold
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Get Alerts MTB Hot Sheet
Price: $217.93 -0.89%
Rating Summary:
13 Buy, 20 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 17 | New: 36
Rating Summary:
13 Buy, 20 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 17 | New: 36
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Argus initiates coverage on M&T Bank (NYSE: MTB) with a Hold rating.
The firm notes underlying loan growth is healthy and its credit quality is above average. That said the projected 2016 P/E of 13.2 is seen as rich relative to those of peer regional banks, and further multiple expansion is unlikely near term
For an analyst ratings summary and ratings history on M&T Bank click here. For more ratings news on M&T Bank click here.
Shares of M&T Bank closed at $111.33 yesterday.
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