M&T Bank Corporation Announces Second Quarter Results
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Jefferies Cuts Price Target on M&T Bank Corp. (MTB) Following 2Q
July 21, 2016 9:04 AM EDTJefferies maintained a Hold rating on M&T Bank (NYSE: MTB), and cut the price target to $111.00 (from $116.00), following the company's 2Q earnings report. Core expenses were higher-than expected due to higher salaries and a sizable step-up in "other" expenses, pushing 2017 expense estimates higher. NII was... More
M&T Bank Corp. (MTB) Misses Q2 EPS by 10c
July 20, 2016 6:52 AM EDTM&T Bank Corp. (NYSE: MTB) reported Q2 EPS of $1.98, $0.10 worse than the analyst estimate of $2.08.
GAAP-basis net income for the second quarter of 2016 expressed as an annualized rate of return on average assets and average common shareholders' equity was 1.09% and 8.38%, respectively, compared with 1.18% and... More
