M&T Bank Corporation – Consensus points to potential upside of 14.6%

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M&T Banking Company with stock exchange abbreviation (MTB) meanwhile 19 analysts have covered the share. Analyst consensus indicates a rating of Buy. The price target is between 242 and 169 with a mean TP of 202.22. With the previous close at 176.51, this would mean that there is a potential upside of 14.6%. The 50-day moving average is now at 167.55 and the 200-day ma at 166.6. The company’s market capitalization is $30,872 million. Visit the company website at: https://www3.mtb.com

The potential market cap would be $35,369 million based on the market consensus.

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M&T Bank Corporation is a bank holding company providing business and retail banking services. The Company’s Business Banking segment provides deposits, loans, cash management and other financial services to small businesses and freelancers. The Commercial Banking segment provides deposit products, commercial loans and leasing, letters of credit, and cash management services to mid-sized and large commercial customers. The Company’s Commercial Real Estate segment originates, sells and services commercial real estate loans; and offers deposit services. The Discretionary Portfolio segment offers deposits; securities, home loans and other assets; and short- and long-term borrowed funds and foreign exchange transactions. The Company’s Residential Mortgage Banking segment provides consumer residential real estate loans and sells those loans in the secondary market; and acquires servicing rights to loans originated by other companies. The retail banking segment offers sight, savings and term accounts; consumer installment loans, auto and recreational financing loans, home equity loans and lines of credit and credit cards; mutual funds and pensions; and other services. The company also offers trust and asset management services; trustees and custodians; insurance agency; institutional broking and securities; and investment management services. It offers its services through bank branches, business banking centers, telephone and Internet banking, and ATMs. As of December 31, 2021, the Company operates 688 domestic bank branches in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia; and a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

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