Goldman Sachs analyst Ryan Nash maintains $M&T Bank (MTB.US)$ with a hold rating, and adjusts the target price from $175 to $216.
According to TipRanks data, the analyst has a success rate of 68.3% and a total average return of 11.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $M&T Bank (MTB.US)$'s main analysts recently are as follows:
M&T Bank's Q3 earnings performance surpassed expectations, with net interest income and fees outpacing guidance provided within the quarter. Additionally, reported expenses aligned with projections, and provisions were below what was anticipated.
M&T Bank's business model has been characterized by its straightforward and enduring approach, which has been a hallmark of the company's operations for over three decades. The emphasis on creating long-term shareholder value is underscored by the bank's commitment to maintaining stringent underwriting standards, which helps in averting credit mishaps.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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