Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

M&T Bank Corporation MTB reported better-than-expected third-quarter financial results on Thursday. M&T Bank reported quarterly earnings of $4.08 per share which beat the analyst consensus estimate of $3.64 per share. The company reported quarterly sales of $2.332 billion which beat the analyst consensus estimate of $2.318 billion. M&T's Chief Financial Officer said, "M&T's positive earnings momentum, strong capital position and unyielding focus on delivering for our customers and the communities we serve h ...

We continue our earnings coverage of regional banks today with M&T Bank Corporation (NYSE: MTB ), a larger regional firm that just reported Q3 earnings. The stock has really had a run this Pay yourself dividends with outsized returns Get more with our playbook to significantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop. Our prices go up next week, but right now we have a big sale on the current price. Join NOW and you can lock in 75% of savings versus the $1, ...

2025 Grand Prix prize purse and scoring system unveiled for new best-five-of-six format CHANHASSEN, Minn., Oct. 17, 2024 /PRNewswire/ -- Following last week's 2025 race lineup announcement, Life Time, (NYSE: LTH), the nation's premier healthy lifestyle brand and athletic event producer, has unveiled a record prize purse encompassing the Life Time Grand Prix plus three new total awards for individual races. Expanded prize purse Life Time Grand Prix 2024. Photo (c) 2024 Taylor ChaseLife Time Grand Prix 2024. ...

M&T Bank Corporation's (MTB) third-quarter 2024 net operating earnings per share (EPS) of $4.08 topped the Zacks Consensus Estimate by 13.3%. The bottom line compared favorably with earnings of $4.05 per share in the year-ago quarter. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. MTB shares moved 2.2% in pre-market trading on better-than-anticipated earnings. A full day's trading will depict a better picture. Results have benefited from a rise in loans and leases and non-i ...

Financial Data and Key Metrics - Diluted GAAP earnings per share improved to $4.02 in Q3 2024 from $3.73 in Q2 2024, reflecting a 10% increase in net income to $721 million [7] - Return on Assets (ROA) and Return on Common Equity (ROCE) were 1.37% and 10.26% respectively, with a CET1 ratio growing to 11.54% [7] - Net interest margin increased by 3 basis points to 3.62%, driven by fixed asset repricing and earning asset mix [9] - Non-interest income reached $606 million, up from $584 million in the linked quarter, driven by trust income and commercial mortgage fees [14] Business Line Performance - Average loans and leases increased slightly to $134.8 billion, with C&I loans growing 3% to $59.8 billion, while CRE loans declined 8% to $29.1 billion [10][11] - Consumer loans grew 4% to $22.9 billion, driven by recreational finance and indirect auto loans [11] - Loan yields remained unchanged at 6.38%, with lower non-accrual interest offset by fixed-rate loan repricing [11] Market Performance - The company maintained strong liquidity with $59 billion in investment securities and cash, representing 28% of total assets [12] - Average total deposits declined by $2 billion to $161.5 billion, with a $1.6 billion decline in non-interest-bearing deposits [13] - Interest-bearing deposit costs decreased by 2 basis points to 2.88% [13] Strategic Direction and Industry Competition - The company continues to reduce CRE concentration, growing C&I and consumer loans while managing funding costs effectively [6] - M&T Bank remains a top SBA lender, ranking 1 in several key markets, and has launched a $25 million initiative for financial inclusion and economic growth [4] - The company updated environmental goals, aiming to offset 100% of electricity use with renewable energy by 2030 [4] Management Commentary on Operating Environment and Future Outlook - The economy remains resilient, with GDP growth expected to be stronger than projected, though a mild recession remains possible [18] - The company expects taxable-equivalent NII to be at least $1.73 billion in Q4, with a net interest margin in the low 3.60s [19] - Loan growth is expected to continue, with average total loans projected at $136 billion, driven by C&I and consumer loans [20] Other Important Information - The company restarted its share repurchase program, executing $200 million in Q3 and planning another $200 million in Q4 [6][21] - Non-accrual loans decreased by $98 million or 5% to $1.9 billion, with the non-accrual ratio dropping to 1.42% [15] - The allowance to loan ratio decreased by 1 basis point to 1.62%, reflecting improvements in asset quality and macroeconomic outlook [16] Q&A Session Summary Question: Optimal CET1 Ratio and Share Repurchases - The company aims to maintain a CET1 ratio above 11%, with potential for increased share repurchases in 2025 depending on economic conditions [23][24] Question: Net Interest Income and Margin Outlook - The company expects continued improvement in NII and net interest margin, driven by positive repricing of fixed-rate assets and strong deposit management [25][26] Question: Criticized Loans and CRE Exposure - Criticized loans have declined for two consecutive quarters, with further reductions expected in Q4 and 2025, particularly in CRE [29][30] Question: Loan Growth and Deposit Beta - Loan growth is expected to accelerate in 2025, with a focus on growing core customer deposits and managing deposit beta around 40% [33][35] Question: Expense Management and Operating Leverage - The company expects positive operating leverage in 2025, with expenses projected to increase due to ongoing projects and corporate incentives [55][56] Question: Credit Quality and Loan Loss Reserves - The loan loss reserve ratio is expected to trend modestly lower, with improvements in criticized loans and a shift in loan portfolio mix [57][58] Question: NIM Trajectory and Other Revenue - The company expects NIM to remain in the low 3.60s for Q4, with other revenue driven by strong loan syndications and card fees [60][61] Question: Expense Projects and Through-the-Cycle Charge-offs - Some expense projects in Q4 will impact run rate, while through-the-cycle charge-offs are expected to be around 34 basis points, with potential increases due to portfolio mix changes [62][63]

Shares of M&T Bank Corporation (NYSE: MTB ) have been a strong performer over the past year, gaining over 50% to a 52-week-high. That rally appears set to continue Thursday, with the stock gaining a further 4% in response to solid quarterly Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me k ...

M&T Bank Corporation (MTB) reported $2.33 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.1%. EPS of $4.08 for the same period compares to $4.05 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.3 billion, representing a surprise of +1.33%. The company delivered an EPS surprise of +13.33%, with the consensus EPS estimate being $3.60. While investors scrutinize revenue and earnings changes year-over-year and how they compare wi ...

M&T Bank Corporation (MTB) came out with quarterly earnings of $4.08 per share, beating the Zacks Consensus Estimate of $3.60 per share. This compares to earnings of $4.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 13.33%. A quarter ago, it was expected that this company would post earnings of $3.50 per share when it actually produced earnings of $3.79, delivering a surprise of 8.29%. Over the last four quarters, the com ...

Exhibit 99.1 M&T Bank Corporation News Release One M&T Plaza, Buffalo, NY 14203 October 17, 2024 M&T Bank Corporation (NYSE:MTB) announces third quarter 2024 results M&T Bank Corporation ("M&T" or "the Company") reports quarterly net income of $721 million or $4.02 of diluted earnings per common share. (Dollars in millions, except per share data) 3Q24 2Q24 3Q23 Selected Ratios (Amounts expressed as a percent, except per share data) Net interest margin 3.62 % 3.59 % 3.79 % Efficiency ratio (1) 55.0 55.3 53.7 ...