Top Wall Street Forecasters Revamp M&T Bank Expectations Ahead Of Q3 Earnings

Core Insights - M&T Bank Corporation is set to release its third-quarter earnings results on October 16, with analysts expecting earnings of $4.39 per share, an increase from $4.03 per share in the same period last year [1] - The projected quarterly revenue for M&T Bank is $2.44 billion, up from $2.33 billion a year earlier [1] - The bank reported better-than-expected second-quarter financial results on July 16 [1] Stock Performance - M&T Bank shares fell by 1.1%, closing at $185.03 on Wednesday [2] Analyst Ratings - UBS analyst Eriks Najarian maintained a Neutral rating and raised the price target from $207 to $208 [4] - Piper Sandler analyst Scott Siefers initiated coverage with an Overweight rating and a price target of $225 [4] - Evercore ISI Group analyst John Pancari maintained an Outperform rating and increased the price target from $222 to $225 [4] - Morgan Stanley analyst Manan Gosalia downgraded the stock from Overweight to Equal-Weight but raised the price target from $236 to $251 [4] - Jefferies analyst David Chiaverini maintained a Buy rating and increased the price target from $220 to $240 [4]