MTB Stock Summary and Trading Ideas (M&T Bank | NYSE:MTB)

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.

M&T Bank trades on the NYSE stock market under the symbol MTB.

As of April 19, 2024, MTB stock price climbed to $143.38 with 1,465,559 million shares trading.

MTB has a beta of 1.42, meaning it tends to be more sensitive to market movements. MTB has a correlation of 0.27 to the broad based SPY ETF.

MTB has a market cap of $23.89 billion. This is considered a Large Cap stock.

Last quarter M&T Bank reported $2 billion in Revenue and $3.09 earnings per share. This met revenue expectation and missed earnings estimates by -$.04.

In the last 3 years, MTB stock traded as high as $193.42 and as low as $108.53.

The top ETF exchange traded funds that MTB belongs to (by Net Assets): VTI, VOO, SCHD, VO, SPY.

MTB stock has underperformed the market in the last year with a return of +18.2%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MTB shares. However, MTB has outperformed the market in the last 3 month and 2 week periods, returning +8.9% and +3.8%, while SPY returned +4.3% and -3.5%, respectively. This indicates MTB has been having a stronger performance recently.

MTB support price is $136.84 and resistance is $141.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MTB stock will trade within this expected range on the day.