에 대한 최신 뉴스 M&T Bank (NYSE:MTB) 주식

M&T Bank

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.

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미국 주식 선물은 월요일 오전 높은 상승을 기록하는 가운데, 오늘 투자자들의 관심을 집중시킬 주식은 다음과 같다: 월스트리트는 골드만삭스 그룹(NYSE:GS)이 주당 8.56달러의 분기 이익을 발표할 것으로 예상하고 있으며, 이는 전년 동기의 주당 8.79달러에서 감소한 수치이다. Benzinga Pro의 데이터에 따르면 이 투자 은행은 전년 동기의 122억 2천만 달러에 비해 분기별 매출을 129억 2천만 달러로 보고할 것으로 예상된다. 골드만삭스 주가는 시간외 거래에서 1.15% 하락한 385.00달러를 기록했다.

골드만삭스, 찰스 슈왑, 그리고 월요일에 주목해야 할 3가지 주식

지난주 금요일에도 CNN 머니(Money)의 공포와 탐욕(Fear and Greed) 지수는 &#39;탐욕&#39; 구간에 머물렀다. 금요일 미국 증시는 지정학적 우려로 인해 하락세로 마감했으며, 다우존스 지수는 장중 475포인트 가량 하락했다. 경제지표를 보면, 3월 미국 수출 가격은 전월 대비 0.7% 상승한 데 이어 전월 대비 0.3% 상승했다. 미국의 수입물가는 2월 0.3% 상승에 비해 3월에는 전월 대비 0.4% 상승했다. 미시간대 소비자 심리지수는 3월 79.4에서 4월 77.9로 하락했다.

공포와 탐욕 지수가 &#39;중립&#39;존에 위치; 다우 지수는 475포인트 하락

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최근 세션에서 나타난 약세가 더욱 심화될 것이라는 우려와는 달리, 이란의 전례 없는 이스라엘 공격으로 인해  중동에서 고조되는 긴장에도 불구하고 미국 시장이 탄력성을 유지할 수 있다는 초기 징후가 나타났다.

이란-이스라엘 긴장 속에 아시아 주식 하락, 금과 원유는 보합, 비트코인은 일부 손실 회복

M&T Bank Corp

Simplify Exchange Traded Funds Simplify MBS ETF

Moatable Inc

MOUNT BURGESS MINING NL by Mount Burgess Mining N.L.

Mount Burgess Mining NL

M&T Bank Corporation Perpetual Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series H

M&T Bank Corporation Depositary Shares each representing a 1/400th ownership interest in a share of Perpetual 7.500% Non-Cumulative Preferred Stock, Series J

WIIM

M&T Bank shares are trading higher after Wolfe Research upgraded the stock from Peer Perform to Outperform and announced a $210 price target.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>HSBC analyst Saul Martinez upgraded Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) from Hold to Buy and announced a price target of $118. Morgan Stanley shares gained 0.1% to close at $104.57 on Thursday. <a href="https://www.benzinga.com/quote/MS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wolfe Research analyst Bill Carcache upgraded the rating for M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from Peer Perform to Outperform and announced a $210 price target. M&amp;T Bank shares fell 0.5% to close at $172.34 on Thursday. <a href="https://www.benzinga.com/quote/MTB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen analyst Charles Ryhee upgraded CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) from Hold to Buy and boosted the price target from $59 to $85. CVS Health shares rose 1.1% to close at $62.92 on Thursday. <a href="https://www.benzinga.com/quote/CVS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Robert Kad upgraded The Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>) from Equal-Weight to Overweight and raised the price target from $52 to $58. Williams shares gained 1.2% to close at $48.21 on Thursday. <a href="https://www.benzinga.com/quote/WMB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital analyst Phillip Jungwirth upgraded the rating for Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) from Market Perform to Outperform and raised the price target from $205 to $215. Diamondback Energy shares gained 3.9% to close at $188.30 on Thursday. <a href="https://www.benzinga.com/quote/FANG/analyst-ratings">See how other analysts view this stock</a>. </li>
</ul>
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FANG

This Morgan Stanley Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday

Wolfe Research analyst Bill Carcache upgrades M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from Peer Perform to Outperform and announces $210 price target.

Price Target

Wolfe Research Upgrades M&T Bank to Outperform, Announces $210 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5911f1bd290fa7000105e62b/chuck-grom">Gordon Haskett analyst Chuck Grom</a> upgraded the rating for The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) from Accumulate to Buy and announced a $450 price target. Home Depot shares gained 1% to close at $409.05 on Tuesday. <a href="https://www.benzinga.com/quote/HD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northland Capital Markets analyst Nehal Chokshi upgraded Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Market Perform to Outperform and boosted the price target from $270 to $400. Salesforce shares fell 1% to close at $270.87 on Tuesday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58f614b70bd9910001a77ae8/john-pancari">Evercore ISI Group analyst John Pancari </a>upgraded the rating for M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from In-Line to Outperform and increased the price target from $187 to $210. M&amp;T Bank shares fell 3% to close at $172.72 on Tuesday. <a href="https://www.benzinga.com/quote/MTB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst John Royall upgraded Par Pacific Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PARR#NYSE">PARR</a>) from Neutral to Overweight, but slashed the price target from $36 to $30. Par Pacific shares fell 0.4% to close at $17.53 on Tuesday. <a href="https://www.benzinga.com/quote/PARR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6012978b879cba0001e02774/kelly-motta">Keefe, Bruyette &amp; Woods analyst Kelly Motta</a> upgraded the rating for CVB Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVBF#NASDAQ">CVBF</a>) from Market Perform to Outperform and boosted the price target from $20 to $22. CVB Financial shares fell 2.4% to close at $17.39 on Tuesday. <a href="https://www.benzinga.com/quote/CVBF/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying CRM stock? Here&#8217;s what analysts think: 
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PARR

This Salesforce Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keybanc raised the price target for Paylocity Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) from $171 to $182. Keybanc analyst Jason Celino maintained an Overweight rating. Paylocity shares fell 1.3% to close at $162.87 on Tuesday. <a href="https://www.benzinga.com/quote/pcty/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased the price target for Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) from $280 to $318. Baird analyst Timothy Wojs maintained a Neutral rating. Acuity Brands shares gained 8.7% to close at $299.35 on Tuesday. <a href="https://www.benzinga.com/quote/AYI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark raised The Marcus Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) price target from $18 to $20. Benchmark analyst Mike Hickey maintained a Buy rating. Marcus shares gained 0.5% to close at $15.15 on Tuesday. <a href="https://www.benzinga.com/quote/MCS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) price target from $130 to $107. B of A Securities analyst Heather Balsky downgraded the stock from Buy to Neutral. PVH shares fell 3.2% to close at $97.64 on Tuesday. <a href="https://www.benzinga.com/quote/PVH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Northland Capital Markets raised Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) price target from $270 to $400. Northland Capital Markets analyst Nehal Chokshi upgraded the stock from Market Perform to Outperform. Salesforce shares fell 1% to close at $270.87 on Tuesday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group raised the price target for M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from $187 to $210. Evercore ISI Group analyst John Pancari upgraded the stock from In-Line to Outperform. M&amp;T Bank fell 3% to close at $172.72 on Tuesday. <a href="https://www.benzinga.com/quote/MTB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) price target from $515 to $520. Morgan Stanley analyst Brian Harbour maintained an Overweight rating. Domino&#8217;s shares gained 0.1% to close at $430.66 on Tuesday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised the price target for Prudential Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>) from $121 to $127. Piper Sandler analyst John Barnidge maintained a Neutral rating. Prudential Financial shares fell 1.4% to close at $119.36 on Tuesday. <a href="https://www.benzinga.com/quote/PRU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna boosted Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) price target from $250 to $260. Susquehanna analyst Bascome Majors maintained a Neutral rating. Union Pacific shares fell 0.4% to close at $245.55 on Tuesday. <a href="https://www.benzinga.com/quote/UNP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) price target from $104 to $100. B of A Securities analyst Lorraine Hutchinson maintained a Buy rating. NIKE shares gained 0.8% to close at $89.13 on Tuesday. <a href="https://www.benzinga.com/quote/NKE/analyst-ratings">See how other analysts view this stock</a>. </li>
</ul>
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</ul>

PCTY

Nike To $100? Here Are 10 Top Analyst Forecasts For Wednesday

Evercore ISI Group analyst John Pancari upgrades M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from In-Line to Outperform and raises the price target from $187 to $210.

Evercore ISI Group Upgrades M&T Bank to Outperform, Raises Price Target to $210

Earlier this month, the Federal Reserve slashed interest rates by 50 basis points at its September Federal Open Market Committee meeting, lowering the federal funds rate in the range of <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead" rel="noreferrer noopener">4.75%-5%</a>.
The Fed also hinted at the potential for additional cuts in the coming months, with the updated dot plot revealing a more aggressive rate-cutting trajectory than <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40965372/fed-delivers-large-interest-rate-cut-in-bid-to-sustain-labor-market-stocks-gold-set-new-record-h" rel="noreferrer noopener">forecasted in June</a>.
Morgan Stanley economists anticipate an additional 150 basis points of rate reductions by mid-2025, with the U.S. economy steering clear of a recession.
Morgan Stanley highlights the banks expected to see the greatest net interest margin (NIM) expansion or compression through the end of 2025, based on the projection that short-term rates will decrease by 200 basis points.
Midcap banks are in a stronger position as they experienced greater pressure on deposit costs (higher deposit betas) when interest rates increased. They anticipate this pressure to ease at a similar pace as rates fall.
Also, midcap banks hold more fixed-rate assets that were issued when rates were much lower in 2021 and 2022, allowing for higher repricing even as rates decrease coupled with lower liquidity requirements.
For midcap banks, the analyst identifies Prosperity Bancshares Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PB#NYSE">PB</a>), rated Overweight, as offering the best risk-reward profile. The firm is expected to experience one of the largest net interest margin (NIM) expansions through the fourth quarter of 2025, driven by the upward repricing of fixed-rate loans and securities.
Similarly, Cadence Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CADE#NYSE">CADE</a>), newly rated Overweight, is projected to benefit from a significant rise in NIM as deposit costs decline. It has minimal exposure to floating-rate loans and net cash, which tend to weigh on earnings when interest rates drop.
While M&amp;T Bank Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>), the analyst&#8217;s top pick, ranks in the middle of the group, Morgan Stanley writes that future rate cuts will slightly boost NIM—a view that contrasts with the broader market consensus, which sees rate cuts as a long-term negative for margins.
Rate cuts are advantageous for the seven major large-cap banks sensitive to liabilities. These money center banks also have significant revenue exposure to capital markets, likely boosting fee income growth in a low-rate, soft-landing scenario.
Morgan Stanley expects this environment to strongly support M&amp;A and Equity Capital Markets (ECM) activity. Additionally, lower rates are generally a credit positive for the banking sector.
For large-cap banks, Morgan Stanley holds an Overweight rating on Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), and Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), citing expectations for a rebound in capital markets revenues amid a lower-rate environment and a sharp increase in buybacks following the Basel Endgame reproposal.
Regions Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) and U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) are favored due to their liability sensitivity and commercial and industrial loan growth potential to accelerate post-rate cuts.
Meanwhile, Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) is highlighted for its strong excess capital levels and the possibility of progress on lifting its asset cap, which could favorably tilt the risk-reward outlook.
Image via Shutterstock
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</ul>

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Large Cap

General

CADE

Wells Fargo, Citigroup, Goldman Sachs Poised For Gains Amid Fed Rate Cuts - Morgan Stanley

M&amp;T Bank's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) short percent of float has risen 12.39% since its last report. The company recently reported that it has 3.60 million shares sold short, which is 2.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.88 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>M&amp;T Bank Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727452818_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for M&amp;T Bank has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing M&amp;T Bank's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, M&amp;T Bank's peer group average for short interest as a percentage of float is 3.49%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into M&T Bank's Recent Short Interest

Ratings for M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) were provided by 13 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $187.38, a high estimate of $220.00, and a low estimate of $161.00. Observing a 7.83% increase, the current average has risen from the previous average price target of $173.77. 
<img src="https://www.benzinga.com/files/images/story/2024/1727208029_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of M&amp;T Bank among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$210.00</td>
<td>$208.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$215.00</td>
<td>$183.00</td>
</tr>
<tr>
<td>Mike Mayo</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$165.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Manan Gosalia</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$220.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$183.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Ebrahim Poonawala</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$188.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Frank Schiraldi</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$190.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Keith Horowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Gerard Cassidy</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$174.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Peter Winter</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$185.00</td>
<td>$159.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$180.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Ken Usdin</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$161.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$170.00</td>
<td>$170.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to M&amp;T Bank. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of M&amp;T Bank compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of M&amp;T Bank's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of M&amp;T Bank's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MTB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on M&amp;T Bank analyst ratings.</a>
<h2>All You Need to Know About M&amp;T Bank</h2>
M&amp;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.
<h3>M&amp;T Bank's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Decline in Revenue: Over the 3 months period, M&amp;T Bank faced challenges, resulting in a decline of approximately -11.53% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: M&amp;T Bank's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 27.19%, the company may face hurdles in effective cost management.
Return on Equity (ROE): M&amp;T Bank's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.46%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): M&amp;T Bank's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.3%, the company showcases efficient use of assets and strong financial health.
Debt Management: M&amp;T Bank's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.62, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into M&T Bank Stock: Analyst Perspectives (13 Ratings)

Wedbush analyst David Chiaverini maintains M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) with a Outperform and raises the price target from $208 to $210.

Wedbush Maintains Outperform on M&T Bank, Raises Price Target to $210

The Federal Reserve's decision to reduce interest rates by 50 basis points on Wednesday has set the stage for a notable shift, particularly in the banking sector among <a href="https://www.benzinga.com/trading-ideas/small-cap-analysis">mid- and small-cap banks</a>.
With rates expected to drop further over the next two years, JPMorgan analyst Steven Alexopoulos believes this marks a crucial inflection point. This and further cuts should help boost banks' net interest margins (NIMs) while reigniting commercial loan demand. The steepening yield curve and easing credit concerns will help banks recalibrate deposit costs, improving performance across various segments.
Let's break down the investment opportunities among large-cap, mid-cap, and small-cap banks, as outlined by Alexopoulos.
<h2 class="wp-block-heading">Large-Cap Banks: Poised For Growth</h2>
<h4 class="wp-block-heading">First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>)</h4>
First Citizens stands out with its SVB segment likely to benefit from the Fed's cuts. With lower rates, the company expects a resurgence in venture capital (VC) investment and IPO activity. This should bolster its sizable SVB loans and deposits. Trading at a discount to peers, this stock offers a compelling value. Alexopoulos also sees potential for significant multiple expansion as the market re-rates it.
<h4 class="wp-block-heading">Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>)</h4>
Huntington positions itself to take advantage of improving commercial and industrial (C&amp;I) loan demand by aggressively hiring bankers in growth markets like the Carolinas and Texas. As the Fed eases, the bank anticipates accelerated earnings, strong loan growth, and a solidified position in the sector.
<h4 class="wp-block-heading">M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>)</h4>
As the Fed eases, M&amp;T's criticized loans should see an improvement in credit quality, particularly in the commercial real estate (CRE) sector. This will likely reduce the bank's need for high reserve levels and allow for increased buybacks. The analyst says that trading below its historical valuation, M&amp;T offers an opportunity for re-rating as the economic outlook brightens.
Don't miss out on this unparalleled opportunity:
<ul>
<li><a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Register now to secure your spot at Benzinga's Largest SmallCap Conference ever in Chicago!</a></li>
</ul>
<h2 class="wp-block-heading">Mid-Cap Banks: Reaping The Benefits Of Lower Rates</h2>
<h4 class="wp-block-heading">Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>)</h4>
Western Alliance will benefit from the lower rate environment, seizing opportunities to reduce deposit costs and ease credit concerns. According to Alexopoulos, its exposure to the startup economy and capital call lending positions it well to take advantage of a potential resurgence in venture capital and IPO markets, making it a standout mid-cap pick.
<h4 class="wp-block-heading">Pinnacle Financial Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>)</h4>
Pinnacle plans to lower its high deposit rates, boosting net interest income (NII). The analyst says Pinnacle operates in high-growth markets in the Southeast and sports above-peer loan growth. This, combined with easing concerns around credit quality, makes it an attractive investment as the Fed continues its rate cuts.
<h4 class="wp-block-heading">Cullen/Frost Bankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFR#NYSE">CFR</a>)</h4>
Despite its asset-sensitive balance sheet, Cullen/Frost will benefit from the Fed's cuts by focusing on organic expansion in Texas's fastest-growing cities. The potential for improved loan demand, especially in commercial real estate, should drive outsized growth. Alexopoulos sees this as presenting a revaluation opportunity for the stock.
<h2 class="wp-block-heading">Small-Cap Banks: Ready For Resurgence</h2>
<h4 class="wp-block-heading">Live Oak Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOB#NASDAQ">LOB</a>)</h4>
Live Oak, with most of its deposits in market-rate accounts, expects a significant reset in funding costs as rates decline. This niche growth bank plans to lead loan growth by capitalizing on improved borrower demand as borrowing cost uncertainty diminishes.
<h4 class="wp-block-heading">Metropolitan Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>)</h4>
Metropolitan stands to benefit from easing concerns around its CRE loans, with the Fed's cuts reducing fears about credit quality. The bank's unique focus on niche sectors and proactive credit management positions it well for an economic rebound.
<h4 class="wp-block-heading">Amalgamated Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAL#NASDAQ">AMAL</a>)</h4>
Amalgamated, a smaller player exposed to high credit risk profiles, will improve as rates decline. The bank's focus on social impact banking combined with a favorable rate environment should alleviate concerns around credit stress. Alexopoulos sees this as providing room for upside in its share price.
As the Fed signals further easing, banks across segments will capitalize on improving economic conditions, rising loan demand, and a recalibration of deposit costs. With the runway for a soft landing widened, now is a compelling time to consider these names for your portfolio.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40919822/small-cap-sectors-brace-for-fed-rate-cut-financials-real-estate-etfs-offer-compelling-plays-for-inve">Small-Cap Sectors Brace For Fed Rate Cut: Financials, Real Estate ETFs Offer Compelling Plays For Investors</a></li>
</ul>
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Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you're a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders.
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Image created using artificial intelligence via Midjourney.

Long Ideas

Federal Reserve

AMAL

FCNCA

HBAN

PNFP

Bank Stocks Hit Inflection Point After Fed's 50 Basis Point Cut, Analyst Reveals Top Picks

M&amp;T Bank Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) is gearing up to report results in early October, after having reported <a href="https://www.benzinga.com/news/earnings/24/07/39865383/m-t-bank-analysts-boost-their-forecasts-following-upbeat-earnings">upbeat earnings for the second quarter</a>.
The U.S. Federal Reserve cutting its benchmark interest rates could be a catalyst for the company's credit metrics and drive stronger earnings growth, according to JPMorgan <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e4054351b9b00018beea5/steven-alexopoulos">analyst Steven Alexopoulos</a>.
The M&amp;T Bank Thesis: Alexopoulos upgraded the rating for M&amp;T Bank from Neutral to Overweight, while raising the price target from $183 to $215.
While there are currently "several overhangs on the stock," a recent meeting with CFO Daryl Bible indicates that these fears could "erode considerably" over the next several quarters, triggering an outperformance of the bank's shares, Alexopoulos said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
The Fed lowering rates could be "a catalyst to drive improved credit metrics at MTB," the analyst stated. The lower rates could also be an "opportunity for the company to demonstrate NIM neutrality to the markets as it relates to short-term rate moves," he added.
"Once the company is able to demonstrate a stable NIM in the backdrop of reduced short-term rates while its credit metrics are concurrently improving, we believe this will quickly set the stage for bottom-line EPS expectations to improve (and potentially dramatically) as not only required provision expense declines but this also sets the stage for the company to announce a much larger buyback in 2025," Alexopoulos further wrote.
MTB Price Action: Shares of M&amp;T Bank had risen by 0.16% to $171.04 at the time of publication on Tuesday.
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40689835/us-manufacturing-activity-extends-contraction-for-fifth-month-demand-continues-to">US Manufacturing Activity Extends Contraction For Fifth Month: &#8216;Demand Continues To Be Weak&#8217;</a></li>
</ul>
Image: Flickr

M&T Bank To Outperform Peers, Analyst Says: 'Overhang Fears Could Erode Over Next Several Quarters'

15 analysts have shared their evaluations of M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $181.47, with a high estimate of $220.00 and a low estimate of $161.00. Observing a 7.84% increase, the current average has risen from the previous average price target of $168.27. 
<img src="https://www.benzinga.com/files/images/story/2024/1725379231_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive M&amp;T Bank. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$215.00</td>
<td>$183.00</td>
</tr>
<tr>
<td>Mike Mayo</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$165.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Manan Gosalia</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$220.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$183.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Ebrahim Poonawala</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$188.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Frank Schiraldi</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$190.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Keith Horowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Gerard Cassidy</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$174.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Peter Winter</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$185.00</td>
<td>$159.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$180.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Ken Usdin</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$161.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$170.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$168.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Frank Schiraldi</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$164.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Frank Schiraldi</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$164.00</td>
<td>$152.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to M&amp;T Bank. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of M&amp;T Bank compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for M&amp;T Bank's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of M&amp;T Bank's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/MTB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on M&amp;T Bank analyst ratings.</a>
<h2>Discovering M&amp;T Bank: A Closer Look</h2>
M&amp;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.
<h3>M&amp;T Bank: A Financial Overview</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Negative Revenue Trend: Examining M&amp;T Bank's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -11.53% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: M&amp;T Bank's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 27.19%, the company may face hurdles in effective cost management.
Return on Equity (ROE): M&amp;T Bank's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 2.46%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): M&amp;T Bank's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.3% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.62, caution is advised due to increased financial risk.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 15 Analyst Evaluations For M&T Bank

JP Morgan analyst Steven Alexopoulos upgrades M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from Neutral to Overweight and raises the price target from $183 to $215.

JP Morgan Upgrades M&T Bank to Overweight, Raises Price Target to $215

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.00</td>
<td>$349.6K</td>
<td>39.8K</td>
<td>4.6K</td>
</tr>
<tr>
<td>COF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$145.00</td>
<td>$78.7K</td>
<td>3.2K</td>
<td>3.0K</td>
</tr>
<tr>
<td>RILY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$6.00</td>
<td>$35.0K</td>
<td>128</td>
<td>2.6K</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$20.50</td>
<td>$36.5K</td>
<td>4.8K</td>
<td>1.4K</td>
</tr>
<tr>
<td>CRBG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$29.00</td>
<td>$67.5K</td>
<td>6.8K</td>
<td>500</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$202.50</td>
<td>$42.0K</td>
<td>1.0K</td>
<td>349</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$95.00</td>
<td>$27.0K</td>
<td>21.3K</td>
<td>209</td>
</tr>
<tr>
<td>MTB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$165.00</td>
<td>$66.8K</td>
<td>178</td>
<td>102</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$155.00</td>
<td>$58.0K</td>
<td>0</td>
<td>5</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we notice a call option trade that happens to be bearish, expiring in 137 day(s) on January 17, 2025. This event was a transfer of 999 contract(s) at a $12.00 strike. The total cost received by the writing party (or parties) was $349.6K, with a price of $350.0 per contract. There were 39838 open contracts at this strike prior to today, and today 4626 contract(s) were bought and sold. 
• Regarding COF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), we observe a call option sweep with bearish sentiment. It expires in 46 day(s) on October 18, 2024. Parties traded 125 contract(s) at a $145.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $78.7K, with a price of $630.0 per contract. There were 3232 open contracts at this strike prior to today, and today 3081 contract(s) were bought and sold. 
• Regarding RILY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>), we observe a put option sweep with bearish sentiment. It expires in 11 day(s) on September 13, 2024. Parties traded 200 contract(s) at a $6.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $175.0 per contract. There were 128 open contracts at this strike prior to today, and today 2621 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on August 30, 2024. Parties traded 779 contract(s) at a $20.50 strike. This particular put needed to be split into 52 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $47.0 per contract. There were 4899 open contracts at this strike prior to today, and today 1477 contract(s) were bought and sold. 
• For CRBG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>), we notice a call option sweep that happens to be bearish, expiring in 46 day(s) on October 18, 2024. This event was a transfer of 500 contract(s) at a $29.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $67.5K, with a price of $135.0 per contract. There were 6841 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on August 30, 2024. This event was a transfer of 20 contract(s) at a $202.50 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $2100.0 per contract. There were 1006 open contracts at this strike prior to today, and today 349 contract(s) were bought and sold. 
• Regarding PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we observe a call option trade with bearish sentiment. It expires in 501 day(s) on January 16, 2026. Parties traded 41 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $27.0K, with a price of $660.0 per contract. There were 21324 open contracts at this strike prior to today, and today 209 contract(s) were bought and sold. 
• For MTB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>), we notice a call option sweep that happens to be bullish, expiring in 18 day(s) on September 20, 2024. This event was a transfer of 88 contract(s) at a $165.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $66.8K, with a price of $760.0 per contract. There were 178 open contracts at this strike prior to today, and today 102 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a call option trade that happens to be bullish, expiring in 837 day(s) on December 18, 2026. This event was a transfer of 5 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $58.0K, with a price of $11600.0 per contract. There were 0 open contracts at this strike prior to today, and today 5 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

CRBG

HOOD

PYPL

RILY

9 Financials Stocks Whale Activity In Today's Session

The Nasdaq 100 closed lower by over 0.2% during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Electronic Arts</h3>
<ul>
<li>The Trade: Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) EVP &amp; Chief Financial Officer Stuart Canfield <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,260 shares </a> at an average price of $148.37. The insider received around $186,950 from selling those shares.</li>
<li>What's Happening: On July 30, Electronic Arts reported first-quarter net bookings of $1.26 billion, down from $1.58 billion in last year&#8217;s first quarter total of $1.58 billion, according to data from Benzinga Pro.</li>
<li>What Electronic Arts Does: EA is one of the world&#8217;s largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1"> latest EA news.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="827" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050558/image-175.png" alt="" class="wp-image-505444" style="width:638px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050558/image-175.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050558/image-175-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050558/image-175-768x708.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">M&amp;T Bank</h3>
<ul>
<li>The Trade: M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) Director Kirk W Walters <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 9,407 shares </a> at an average price of $24.60. The insider received around $231,412 from selling those shares.</li>
<li>What's Happening: On Aug. 15, Wells Fargo analyst Mike Mayo downgraded M&amp;T Bank from Equal-Weight to Underweight and lowered the price target from $170 to $165.</li>
<li>What M&amp;T Bank Does: M&amp;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.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1"> trend in MTB stock.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="842" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050656/image-176.png" alt="" class="wp-image-505448" style="width:623px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050656/image-176.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050656/image-176-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050656/image-176-768x709.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">Xcel Energy</h3>
<ul>
<li>The Trade: Xcel Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) SVP, Strategy and External Aff Frank P Prager <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,041 shares</a> at an average price of $59.50. The insider received around $121,440 from selling those shares.</li>
<li>What's Happening: On Aug. 1, Xcel Energy posted downbeat quarterly results.</li>
<li>What Xcel Energy Does: Xcel Energy manages utilities serving 3.8 million electric customers and 2.2 million natural gas customers in eight states. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1">breakout in XEL shares.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="885" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050820/image-177.png" alt="" class="wp-image-505450" style="width:662px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050820/image-177.png 885w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050820/image-177-300x284.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050820/image-177-768x726.png 768w" sizes="(max-width: 885px) 100vw, 885px" /></a></figure>
<h3 class="wp-block-heading">Home Depot</h3>
<ul>
<li>The Trade: The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) SVP-Finance, CAO &amp; Controller Kimberly R Scardino <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,700 shares</a> at an average price of $363.00. The insider received around $617,100 from selling those shares.</li>
<li>What's Happening: On Aug. 13, HD reported second-quarter 2024 sales growth of 0.6% year-over-year to $43.175 billion, marginally missing the consensus estimate of $43.376 billion.</li>
<li>What Home Depot Does: Home Depot is the world&#8217;s largest home improvement specialty retailer, operating more than 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the US, Canada, and Mexico.</li>
<li>Benzinga Pro&#8217;s earnings calendar was used to track upcoming H<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1">D&#8217;s earnings reports</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="872" height="822" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050939/image-178.png" alt="" class="wp-image-505453" style="width:607px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050939/image-178.png 872w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050939/image-178-300x283.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21050939/image-178-768x724.png 768w" sizes="(max-width: 872px) 100vw, 872px" /></a></figure>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40461302/top-3-tech-stocks-which-could-rescue-your-portfolio-this-quarter">Top 3 Tech Stocks Which Could Rescue Your Portfolio This Quarter</a></li>
</ul>

Insider Trades

Electronic Arts, Home Depot And 2 Other Stocks Executives Are Selling

Across the recent three months, 15 analysts have shared their insights on M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $177.8, with a high estimate of $220.00 and a low estimate of $160.00. Marking an increase of 7.02%, the current average surpasses the previous average price target of $166.13. 
<img src="https://www.benzinga.com/files/images/story/2024/1723741260_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of M&amp;T Bank among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mike Mayo</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$165.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Manan Gosalia</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$220.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$183.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Ebrahim Poonawala</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$188.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Frank Schiraldi</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$190.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Keith Horowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Gerard Cassidy</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$174.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Peter Winter</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Neutral</td>
<td>$185.00</td>
<td>$159.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$180.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>Ken Usdin</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$161.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$170.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$168.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Frank Schiraldi</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$164.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Frank Schiraldi</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$164.00</td>
<td>$152.00</td>
</tr>
<tr>
<td>Ken Usdin</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$160.00</td>
<td>$151.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to M&amp;T Bank. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of M&amp;T Bank compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for M&amp;T Bank's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into M&amp;T Bank's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MTB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on M&amp;T Bank analyst ratings.</a>
<h2>Discovering M&amp;T Bank: A Closer Look</h2>
M&amp;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.
<h3>M&amp;T Bank: Financial Performance Dissected</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Negative Revenue Trend: Examining M&amp;T Bank's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -11.53% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: M&amp;T Bank's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 27.19%, the company may face hurdles in effective cost management.
Return on Equity (ROE): M&amp;T Bank's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.46%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): M&amp;T Bank's ROA stands out, surpassing industry averages. With an impressive ROA of 0.3%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: M&amp;T Bank's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.62, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>What Are Analyst Ratings?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Where M&T Bank Stands With Analysts

Wells Fargo analyst Mike Mayo downgrades M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from Equal-Weight to Underweight and lowers the price target from $170 to $165.

Downgrades

Wells Fargo Downgrades M&T Bank to Underweight, Lowers Price Target to $165

The Nasdaq 100 closed higher by around 2.5% during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Wynn Resorts</h3>
<ul>
<li>The Trade: Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) Director Margaret Jane Myers &lt;a href=&#8221;https://www.benzinga.com/sec/insider-trades/&#8221;&gt;&lt;em&gt; sold a total of 2,000 shares &lt;/em&gt;&lt;/a&gt; at an average price of $98.05. The insider received around $196,100 from selling those shares.</li>
<li>What's Happening: On Aug. 6, Wynn Resorts reported quarterly earnings of $1.12 per share on revenue of $1.733 billion with both figures missing the analyst consensus estimates.</li>
<li>What Wynn Resorts Does: Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO.</li>
</ul>
<h3 class="wp-block-heading">Box</h3>
<ul>
<li>The Trade: Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) CFO Dylan C Smith <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 13,000 shares</a> at an average price of $27.05. The insider received around $351,676 from selling those shares.</li>
<li>What's Happening: On July 31, Box and Slack expanded partnership with the launch of Box AI in Slack.</li>
<li>What Box Does: Box is a cloud-based content services platform that provides cloud-based storage and workflow collaboration services for enterprise customers.</li>
</ul>
<h3 class="wp-block-heading">M&amp;T Bank</h3>
<ul>
<li>The Trade: M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) Sr. Executive Vice President Michael J. Todaro <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 4,791 shares</a> at an average price of $162.57. The insider received around $778,897 from selling those shares.</li>
<li>What's Happening: On July 18, M&amp;T Bank reported better-than-expected second-quarter financial results.</li>
<li>What M&amp;T Bank Does: M&amp;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.</li>
</ul>
<h3 class="wp-block-heading">Mosaic</h3>
<ul>
<li>The Trade: The Mosaic Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOS#NYSE">MOS</a>) Director Kelvin R Westbrook <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 12,666 shares</a> at an average price of $27.32. The insider received around $346,042 from selling those shares.</li>
<li>What's Happening: On Aug. 6, Mosaic posted downbeat quarterly earnings.</li>
<li>What Mosaic Does: Formed in 2004 by the combination of IMC Global and Cargill&#8217;s fertilizer business, Mosaic is one of the largest phosphate and potash producers in the world.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40357992/brinker-international-cisco-and-3-stocks-to-watch-heading-into-wednesday">Brinker International, Cisco And 3 Stocks To Watch Heading Into Wednesday</a></li>
</ul>

WYNN

Box, Wynn Resorts And 2 Other Stocks Insiders Are Selling

Morgan Stanley analyst Manan Gosalia maintains M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) with a Overweight and raises the price target from $195 to $220.

Morgan Stanley Maintains Overweight on M&T Bank, Raises Price Target to $220

RBC Capital analyst Gerard Cassidy maintained a Buy rating on M&T Bank (MTB – Research Report) on September 24 and set a price target of $190.00. T...

M&T Bank (MTB) Gets a Buy from RBC Capital

Pioneer Mid Cap Value Fund Q2 2024 Performance And Market Commentary

Wells Fargo analyst Mike Mayo maintained a Sell rating on M&T Bank (MTB – Research Report) today and set a price target of $165.00. The company's s...

Wells Fargo Reaffirms Their Sell Rating on M&T Bank (MTB)

TCW Relative Value Mid Cap Fund Q2 2024 Commentary

Morgan Stanley analyst Manan Gosalia maintained a Buy rating on M&T Bank (MTB – Research Report) today and set a price target of $220.00. The compa...

Morgan Stanley Sticks to Its Buy Rating for M&T Bank (MTB)

Hartford MidCap Value Fund Q2 2024 Commentary

M&T Bank upgraded to Outperform at Evercore as CRE pressures ease

10 dividend stocks for stability and safety

M&T Bank (MTB – Research Report) received a Buy rating and a $210.00 price target from Wolfe Research analyst Bill Carcache today. The company's sh...

M&T Bank (MTB) was upgraded to a Buy Rating at Wolfe Research

M&T Bank rises after Wolfe Research upgrades on 'peer-leading NIMs'

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Press Releases

M&T Bank Corporation Announces Second Quarter 2024 Earnings Release and Conference Call

Dividends

M&T Bank Corporation Announces Preliminary Stress Capital Buffer

M&T Bank Corporation Announces Quarterly Preferred Stock Dividends

M&T Bank Corporation (NYSE:MTB) announces second quarter 2024 results

Real Estate

M&T Bank Names Lopa Kolluri as Head of Affordable Housing Lending

M&T Bank Corporation to Participate in the Barclays Global Financial Services Conference

M&T Bank Corporation Announces Third Quarter Common Stock Dividend

M&T Bank Corporation Announces Third Quarter 2024 Earnings Release and Conference Call

M&T Bank Decreases Prime Rate

M&T CHARITABLE FOUNDATION: REQUESTS FOR PROPOSALS FOR FINAL ROUND OF $25 MILLION AMPLIFY FUND

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