M&T Bank Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

M&T Bank Corporation MTB is expected to release earnings results for its first quarter, before the opening bell on April 15, 2024.

Analysts expect the Buffalo, New York-based company to report quarterly earnings at $3.09 per share. M&T Bank is projected to report quarterly revenue of $2.26 billion, according to data from Benzinga Pro.

M&T Bank, last month, named Sarah Knakmuhs as Chief Communications Officer.

M&T Bank shares fell 0.5% to close at $134.56 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Jefferies analyst Ken Usdin maintained a Hold rating and cut the price target from $154 to $151 on April 8, 2024. This analyst has an accuracy rate of 64%.
• Keefe, Bruyette & Woods analyst David Konrad maintained a Market Perform rating and boosted the price target from $155 to $162 on April 5, 2024. This analyst has an accuracy rate of 76%.
• Morgan Stanley analyst Manan Gosalia maintained an Overweight rating and raised the price target from $160 to $179 on Feb. 7, 2024. This analyst has an accuracy rate of 71%.
• Piper Sandler analyst Frank Schiraldi maintained an Overweight rating and cut the price target from $156 to $152 on Jan. 19, 2024. This analyst has an accuracy rate of 75%.
• RBC Capital analyst Gerard Cassidy reiterated an Outperform rating with a price target of $160 on Jan. 19, 2024. This analyst has an accuracy rate of 71%.

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