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Market Impact: 0.35

M&T Bank Corporation (MTB) Tops Q2 Earnings and Revenue Estimates

MTB
Corporate EarningsCompany FundamentalsAnalyst Estimates
M&T Bank Corporation (MTB) Tops Q2 Earnings and Revenue Estimates

M&T Bank reported quarterly EPS of $5.35, beating the Zacks Consensus Estimate of $4.66 by $0.69 (about 15%). This compares with $4.28 EPS a year ago, indicating year-over-year improvement. The earnings beat is likely to provide modest positive support for the stock.

Analysis

M&T Bank reported quarterly EPS of $5.35, beating the Zacks Consensus Estimate of $4.66 by $0.69 (about 15%). This compares with $4.28 EPS a year ago, indicating year-over-year improvement. The earnings beat is likely to provide modest positive support for the stock.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.30

Ticker Sentiment

MTB0.60