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M&T Bank Prepares to Report Q3 Earnings as Analysts Expect Revenue Growth to Slow

NeutralMedium impact
MTB$216.05 −0.86%

Regional banking firm M&T Bank Corporation (MTB) is set to release its third-quarter financial results before market hours. Analysts project revenue growth of 1.5% year over year for the quarter, reflecting a slowdown from the 9.2% revenue increase recorded during the same quarter last year.

The upcoming earnings report follows a strong second quarter in which M&T Bank Corporation (MTB) posted $2.52 billion in revenue, up 4.9% year over year. The company beat consensus expectations for revenue, earnings per share, and net interest income last quarter, though it has missed Wall Street revenue estimates multiple times over the past two years.

Investors are looking for signs of resilience across the regional banking sector, where stocks have dropped an average of 6% over the last month. M&T Bank Corporation (MTB) shares traded down 0.86% to $216.10 today and are down 4.4% over the past month, while Wall Street analysts hold an average price target of $250.28 on the stock.

Key points

  • Wall Street projects M&T Bank Corporation (MTB) third-quarter revenue to grow 1.5% year over year, down from 9.2% growth in the prior-year period.
  • In the previous quarter, M&T Bank Corporation (MTB) reported $2.52 billion in revenue, up 4.9% year over year, topping analyst expectations.
  • Analyst estimates for the bank have remained largely unchanged over the past 30 days heading into the earnings release.
  • Shares of M&T Bank Corporation (MTB) fell 0.86% to $216.10 today and have declined 4.4% over the past month.
  • Wall Street analysts hold an average price target of $250.28 for M&T Bank Corporation (MTB) stock.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

When will M&T Bank report its Q3 financial results?

M&T Bank will report its third-quarter financial results before market hours.

What are analysts expecting for M&T Bank Q3 revenue growth?

Wall Street expects M&T Bank revenue to grow 1.5% year on year for the third quarter, a slowdown from the 9.2% growth recorded in the same quarter last year.

What is the average analyst price target for M&T Bank?

Analysts have an average price target of $250.28 for M&T Bank shares, compared to a recent trading price around $216.05.