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M&T Bank Corp Add to portfolio

INX:MTB, Apr 23, 04:41 UTC

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Monday, April 15


News

M&T Bank's First-Quarter Earnings Top Wall Street Estimates

MTB

Meanwhile, revenue of $1.045 billion was just short of Wall Street's estimates of $1.048 billion. Net operating income was $486 million, up from $357 million a year ago, but down from $550 million in the previous quarter. "M&T's performance during the first three months of 2019 was strong.

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  • Financial
News

M&T Bank (MTB) Q1 Earnings Beat on Lower Costs & Provisions

MTB

M&T Bank Corporation MTB delivered a positive earnings surprise of 2.7% in first-quarter 2019 led by expansion of margins and improved cost management. On a GAAP basis, M&T Bank reported first-quarter net income of $483 million or $3.35 per share compared with $353 million or $2.23 in the prior-year quarter. Taxable-equivalent net interest income increased 8% year over year to $1.06 billion in the quarter driven by higher net interest margin, partly offset by lower average earning assets. M&T Bank's net operating income highlighted an annualized rate of return on average tangible assets and average tangible common shareholder equity of 1.76% and 19.56%, respectively, compared with 1.28% and 13.51% recorded in the prior-year quarter.

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  • Financial

Thursday, April 11


News

Can Higher Revenues Support M&T Bank's (MTB) Q1 Earnings?

MTB

M&T Bank Corporation MTB is scheduled to report first-quarter 2019 results on Apr 15, before the opening bell. M&T Bank’s fourth-quarter 2018 results surpassed the Zacks Consensus Estimate on top-line improvement supported by rising margins and loan growth. However, rise in expenses and lower deposit balances were headwinds. Our proven model shows that M&T Bank has the right combination of the two key ingredients — positive Earnings ESP and a Zacks Rank #3 (Hold) or better — to increase the odds of an earnings beat. Though estimates for the to-be-reported quarter have been revised slightly downward over the last seven days, the Zacks Consensus Estimate for earnings of $3.29 reflects growth of 11.9% year over year.

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  • Business
  • Financial
News

This is Why M&T Bank (MTB) is a Great Dividend Stock

MTB

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Headquartered in Buffalo, M&T Bank (MTB) is a Finance stock that has seen a price change of 13.92% so far this year. Investors like dividends for many reasons; they greatly improve stock investing profits, decrease overall portfolio risk, and carry tax advantages, among others. However, not all companies offer a quarterly payout. For instance, it's a rare occurrence when a tech start-up or big growth business offers their shareholders a dividend.

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  • Financial
News

EPS for Stericycle, Inc. (SRCL) Expected At $0.93

MTB SRCL

It worsened, as 107 investors sold Stericycle, Inc. shares while 132 reduced holdings. 88.67 million shares or 5.61% more from 83.95 million shares in 2018Q3 were reported. Diamond Hill Capital Mgmt Inc invested 0.18% of its portfolio in Stericycle, Inc. (NASDAQ:SRCL). Oregon Employees Retirement Fund has invested 0.03% in Stericycle, Inc. (NASDAQ:SRCL). Analysts expect Stericycle, Inc. (NASDAQ:SRCL) to report $0.93 EPS on May, 2.They anticipate $0.28 EPS change or 23.14 % from last quarter’s $1.21 EPS.

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  • Financial

Wednesday, April 10


News

M&T Bank Names Michael D. Berman President and CEO of Wholly-Owned Subsidiary M&T Realty Capital Corporation

MTB

Berman is responsible for managing the operations of M&T Realty Capital Corporation (M&T RCC), which is a direct multifamily and seniors housing lender for Fannie Mae DUS®, Freddie Mac and FHA/HUD MAP and LEAN programs, and provides life insurance company and CMBS loans for other commercial real estate property types through correspondent relationships. Headquartered in Baltimore, M&T RCC originated $4.88 billion of multifamily and commercial loans in 2018, which represents the subsidiary's highest loan volume to date, and currently manages a servicing portfolio of $18 billion. "Michael brings extensive experience in managing commercial banking originations and knowledge of public policy issues related to real estate finance which will enable him to be an effective leader for this growing line of business," said Gino Martocci, Executive Vice President, M&T Bank Corporation and M&T Bank. "I look forward to leading the M&T Realty Capital team, and continuing to build on its record of success and smart growth. The strength of our parent company M&T Bank and its multidimensional services provide significant differentiation in the market."

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  • Business
  • Financial

Monday, April 08


News

M&T Bank (MTB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

MTB

The market expects M&T Bank (MTB) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2019. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for M&T Bank? For M&T Bank, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that M&T Bank would post earnings of $3.51 per share when it actually produced earnings of $3.79, delivering a surprise of +7.98%.

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  • Business
  • Financial

Tuesday, April 02


News

EPS for M&T Bank Corporation (MTB) Expected At $3.30

MTB

It worsened, as 36 investors sold M&T Bank Corporation shares while 187 reduced holdings. California-based Wells Fargo And Mn has invested 0.08% in M&T Bank Corporation (NYSE:MTB). Howe & Rusling invested in 0.19% or 6,139 shares. Sageworth Tru holds 0.02% of its portfolio in M&T Bank Corporation (NYSE:MTB) for 800 shares. Since October 31, 2018, it had 0 insider buys, and 9 sales for $2.46 million activity. Analysts expect M&T Bank Corporation (NYSE:MTB) to report $3.30 EPS on April, 15.They anticipate $0.36 EPS change or 12.24 % from last quarter’s $2.94 EPS.

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  • Financial

Monday, April 01


News

M&T Bank Partners with The Shed, New York's New Arts Center

MTB

M&T along with its subsidiary, the wealth management firm Wilmington Trust has become a multi-year partner providing major ongoing support for The Shed's live performance commissions. "Thrilling is the word to describe seeing The Shed become a reality, as we have been involved with the project since Day One, when it was just a bold idea," said M&T's Regional President for New York City Blair Ridder. The Bank is the presenting sponsor of New Jersey Performing Arts Center Dance Series, presenter of free First Fridays at the Albright-Knox Art Gallery in Buffalo, sponsor of Long Island Winterfest and a foundational supporter of many other cultural events and institutions across its communities. "They have been a nimble lender since we began our project in 2014 in their role as construction underwriter, and the continued support of M&T and its wealth management division, Wilmington Trust, has been a huge asset as we publicly debut this groundbreaking cultural institution."

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  • Business
  • Financial

Saturday, March 30


News

Hedge Funds Have Never Been More Bullish On M&T Bank Corporation (MTB)

MTB

Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Hedge fund sentiment towards IQVIA Holdings Inc. (IQV), Brookfield Asset Management Inc. (BAM), Atlassian Corporation Plc (TEAM), RCL, and CRH hit all time highs at the end of December, and all of these stocks returned more than 20% in the first 2.5 months of this year. Below, you can check out the change in hedge fund sentiment towards MTB over the last 14 quarters. So, let's examine which hedge funds were among the top holders of the stock and which hedge funds were making big moves. Let's check out hedge fund activity in other stocks - not necessarily in the same industry as M&T Bank Corporation (NYSE:MTB) but similarly valued.

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  • Business
  • Financial