M&T Bank Analysts Boost Their Forecasts Following Upbeat Earnings
M&T Bank Analysts Boost Their Forecasts Following Upbeat Earnings
M&T Bank Corporation (NYSE:MTB) reported better-than-expected second-quarter financial results on Thursday.
周四，M&T银行公司（纽交所：MTB）报告了比预期好的第二季度财务业绩。
M&T Bank reported quarterly earnings of $3.79 per share which beat the analyst consensus estimate of $3.50 per share. Quarterly sales came in at $2.302 billion topping expectations of $2.277 billion, according to data from Benzinga Pro.
M&T银行报告了每股3.79美元的季度收益，超过了分析师共识预期的3.50美元每股。根据Benzinga Pro的数据，季度销售额为230.2亿美元，超过了227.7亿美元的预期。
"Building on a strong start to the year, the second quarter results reflect a 24% increase in diluted earnings per common share from the first quarter. We continued to grow our commercial and industrial and consumer loan portfolios, while lessening our commercial real estate exposure. Credit metrics improved as both nonaccrual and total criticized loans declined sequentially. Liquidity and capital positions are exceptional, and we are pleased with the reduction in our stress capital buffer that becomes effective later this year. Our team continues to diligently deploy resources while controlling expense growth. We are grateful for our employees' commitment to our customers and communities which was again on full display in the first half of 2024 through various community events and volunteer engagements throughout our footprint," Daryl N. Bible, M&T's Chief Financial Officer said.
M&T的首席财务官 Daryl N. Bible 表示：“在今年的强劲开局的基础上，第二季度的业绩表现反映出每股普通股摊薄收益比第一季度增长了24%。我们继续扩大商业和工业及消费者贷款组合，同时减少我们在商业房地产上的敞口。信贷指标得到改善，随着非应计和总体批评贷款环比下降。流动性和资本状况仍然非常好，我们对于今年晚些时候生效的压力资本缓冲减少表示满意。我们的团队继续努力调配资源，同时控制费用增长。我们感谢我们的员工致力于为我们的客户和社区服务，在2024年上半年通过各种社区活动和志愿服务展现出来。”
M&T Bank shares fell 0.5% to trade at $166.51 on Friday.
周五，M&T银行股价下跌0.5%，报收166.51美元。
These analysts made changes to their price targets on M&T Bank following the announcement.
这些分析师在公告后对MTB股票的目标价进行了调整。
- Keefe, Bruyette & Woods analyst David Konrad maintained M&T Bank with a Market Perform rating, while increasing the price target from $170 to $180.
- DA Davidson analyst Peter Winter maintained the stock with a Neutral rating and boosted the price target from $159 to $185.
- RBC Capital analyst Gerard Cassidy maintained M&T Bank with an Outperform rating and raised the price target from $160 to $174.
- Keefe，Bruyette＆Woods公司的分析师David Konrad 维持市场表现评级，将目标价从170美元升至180美元。
- DA Davidson公司的分析师Peter Winter 维持中立评级，将目标价从159美元升至185美元。
- RBC Capital公司的分析师Gerard Cassidy 维持跑赢大盘评级，将目标价从160美元升至174美元。
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