M&T BankMTB
Market Cap: $27.8B
About: M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.
Employees: 21,927
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
75% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 7 (+3) [Q2]
72% more call options, than puts
Call options by funds: $139M | Put options by funds: $81.1M
33% more first-time investments, than exits
New positions opened: 100 | Existing positions closed: 75
11% more repeat investments, than reductions
Existing positions increased: 335 | Existing positions reduced: 301
3% more funds holding
Funds holding: 873 [Q1] → 898 (+25) [Q2]
4% more capital invested
Capital invested by funds: $20.7B [Q1] → $21.5B (+$777M) [Q2]
0.39% less ownership
Funds ownership: 85.65% [Q1] → 85.26% (-0.39%) [Q2]
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
JP Morgan Steven Alexopoulos 73% 1-year accuracy 37 / 51 met price target | 29%upside $215 | Overweight Upgraded | 3 Sept 2024 |
Wells Fargo Mike Mayo 78% 1-year accuracy 14 / 18 met price target | 1%downside $165 | Underweight Downgraded | 15 Aug 2024 |
Morgan Stanley Manan Gosalia 73% 1-year accuracy 16 / 22 met price target | 32%upside $220 | Overweight Maintained | 5 Aug 2024 |
JP Morgan Steven Alexopoulos 73% 1-year accuracy 37 / 51 met price target | 10%upside $183 | Neutral Maintained | 23 Jul 2024 |
B of A Securities Ebrahim Poonawala 73% 1-year accuracy 11 / 15 met price target | 13%upside $188 | Buy Maintained | 22 Jul 2024 |
Financial journalist opinion
Based on 7 articles about MTB published over the past 30 days