M&T Bank (MTB) Stock Forecast, Price Target & Predictions
MTB Stock Forecast
M&T Bank stock forecast is as follows: an average price target of $198.71 (represents a -6.83% downside from MTB’s last price of $213.27) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.
MTB Price Target
The average price target for M&T Bank (MTB) is $198.71 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $228.00 to $153.00. This represents a potential -6.83% downside from MTB's last price of $213.27.
MTB Analyst Ratings
According to 16 Wall Street analysts, M&T Bank's rating consensus is 'Buy'. The analyst rating breakdown for MTB stock is 0 'Strong Buy' (0.00%), 10 'Buy' (62.50%), 5 'Hold' (31.25%), 1 'Sell' (6.25%), and 0 'Strong Sell' (0.00%).
M&T Bank Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Peter Winter | D.A. Davidson | $207.00 | $197.55 | 4.78% | -2.94% |
| Oct 18, 2024 | Ryan Nash | Goldman Sachs | $216.00 | $197.77 | 9.22% | 1.28% |
| Oct 18, 2024 | Gerald Cassidy | RBC Capital | $208.00 | $198.87 | 4.59% | -2.47% |
| Oct 18, 2024 | Jason Goldberg | Barclays | $228.00 | $198.87 | 14.65% | 6.91% |
| Oct 17, 2024 | Manan Gosalia | Morgan Stanley | $220.00 | $189.35 | 16.19% | 3.16% |
| Oct 17, 2024 | Mike Mayo | Wells Fargo | $165.00 | $189.35 | -12.86% | -22.63% |
| Oct 04, 2024 | Bill Carcache | Wolfe Research | $210.00 | $176.70 | 18.85% | -1.53% |
| Oct 02, 2024 | John Pancari | Evercore ISI | $210.00 | $172.72 | 21.58% | -1.53% |
| Sep 24, 2024 | David Chiaverini | Wedbush | $210.00 | $177.62 | 18.23% | -1.53% |
| Jul 22, 2024 | Frank Schiraldi | Piper Sandler | $190.00 | $165.25 | 14.98% | -10.91% |
The latest M&T Bank stock forecast, released on Oct 21, 2024 by Peter Winter from D.A. Davidson, set a price target of $207.00, which represents a 4.78% increase from the stock price at the time of the forecast ($197.55), and a -2.94% decrease from MTB last price ($213.27).
M&T Bank Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 6 | 9 | 18 |
| Avg Price Target | $207.33 | $208.22 | $190.89 |
| Last Closing Price | $213.27 | $213.27 | $213.27 |
| Upside/Downside | -2.79% | -2.37% | -10.49% |
In the current month, the average price target of M&T Bank stock is $207.33, according to 6 Wall Street analysts offering twelve months forecast. The average price target represents a -2.79% decrease as opposed to M&T Bank's last price of $213.27. This month's average price target is down -0.43% compared to last quarter, and up 8.61% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 18, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Oct 18, 2024 | Wells Fargo | Underweight | Underweight | Hold |
| Oct 18, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Oct 17, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Oct 17, 2024 | Wedbush | Outperform | Outperform | Hold |
| Oct 17, 2024 | Wells Fargo | Market Perform | Underweight | Downgrade |
| Oct 02, 2024 | Evercore ISI | - | Outperform | Upgrade |
| Sep 24, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Sep 24, 2024 | Wedbush | Underperform | Underperform | Hold |
| Sep 24, 2024 | Wedbush | Outperform | Outperform | Hold |
M&T Bank's last stock rating was published by Goldman Sachs on Oct 18, 2024. The company gave MTB a "Neutral" rating, the same as its previous rate.
M&T Bank Financial Forecast
M&T Bank Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.33B | $2.38B | $2.41B | $2.37B | $2.24B | $1.98B | $1.45B | $1.51B | $1.54B | $1.46B | $1.49B | $1.54B | $1.46B | $1.44B | $1.51B | $1.53B | $1.56B |
| Avg Forecast | $2.56B | $2.53B | $2.49B | $2.46B | $2.46B | $2.42B | $2.38B | $2.34B | $2.34B | $2.32B | $2.28B | $2.26B | $2.28B | $2.32B | $2.36B | $2.39B | $2.37B | $2.30B | $2.05B | $1.47B | $1.47B | $1.48B | $1.49B | $1.48B | $1.46B | $1.46B | $1.47B | $1.48B | $1.52B | $1.53B |
| High Forecast | $2.58B | $2.55B | $2.51B | $2.47B | $2.47B | $2.44B | $2.39B | $2.35B | $2.36B | $2.32B | $2.28B | $2.26B | $2.31B | $2.34B | $2.38B | $2.40B | $2.39B | $2.30B | $2.05B | $1.47B | $1.47B | $1.48B | $1.49B | $1.48B | $1.46B | $1.46B | $1.47B | $1.48B | $1.52B | $1.53B |
| Low Forecast | $2.54B | $2.52B | $2.47B | $2.44B | $2.44B | $2.41B | $2.36B | $2.33B | $2.32B | $2.31B | $2.28B | $2.26B | $2.27B | $2.31B | $2.35B | $2.37B | $2.36B | $2.30B | $2.05B | $1.47B | $1.47B | $1.48B | $1.49B | $1.48B | $1.46B | $1.46B | $1.47B | $1.48B | $1.52B | $1.53B |
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 11 | 15 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.01% | 1.00% | 0.98% | 0.97% | 0.98% | 1.03% | 1.04% | 0.98% | 1.00% | 1.05% | 1.00% | 0.98% | 1.02% | 1.01% | 1.02% |
M&T Bank's average Quarter revenue forecast for Dec 23 based on 7 analysts is $2.28B, with a low forecast of $2.27B, and a high forecast of $2.31B. MTB's average Quarter revenue forecast represents a -2.15% decrease compared to the company's last Quarter revenue of $2.33B (Sep 23).
M&T Bank EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 11 | 15 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $922.00M | $1.89B | $1.45B | $1.27B | $1.08B | $453.36M | $582.71M | $705.42M | $767.10M | $712.92M | $707.92M | $750.37M | $630.46M | $464.36M | $571.02M | $906.53M | $912.58M |
| Avg Forecast | $1.03B | $1.02B | $1.00B | $986.59M | $986.26M | $973.22M | $954.19M | $939.06M | $940.35M | $930.32M | $914.92M | $559.88M | $917.47M | $933.56M | $948.69M | $508.98M | $650.20M | $870.14M | $778.03M | $402.36M | $558.80M | $559.68M | $565.80M | $630.05M | $553.64M | $553.02M | $557.86M | $695.86M | $576.58M | $580.07M |
| High Forecast | $1.03B | $1.02B | $1.01B | $992.53M | $992.20M | $979.08M | $959.93M | $943.10M | $946.02M | $931.65M | $914.92M | $671.85M | $925.55M | $939.18M | $954.40M | $610.78M | $780.24M | $870.14M | $778.03M | $482.83M | $558.80M | $559.68M | $565.80M | $756.06M | $553.64M | $553.02M | $557.86M | $835.03M | $576.58M | $580.07M |
| Low Forecast | $1.02B | $1.01B | $993.17M | $979.34M | $979.01M | $966.07M | $947.18M | $935.01M | $933.45M | $928.99M | $914.92M | $447.90M | $913.42M | $926.71M | $941.72M | $407.18M | $520.16M | $870.14M | $778.03M | $321.88M | $558.80M | $559.68M | $565.80M | $504.04M | $553.64M | $553.02M | $557.86M | $556.69M | $576.58M | $580.07M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.99% | 2.85% | 1.96% | 1.24% | 0.58% | 1.45% | 1.26% | 1.37% | 1.26% | 1.12% | 1.36% | 1.14% | 0.83% | 0.82% | 1.57% | 1.57% |
7 analysts predict MTB's average Quarter EBITDA for Dec 23 to be $917.47M, with a high of $925.55M and a low of $913.42M. This is -0.49% lower than M&T Bank's previous annual EBITDA (Sep 23) of $922.00M.
M&T Bank Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 11 | 15 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $690.00M | $867.03M | $701.62M | $765.37M | $646.60M | $217.52M | $362.17M | $457.97M | $495.46M | $458.07M | $447.25M | $471.14M | $372.14M | $241.05M | $268.82M | $493.07M | $480.08M |
| Avg Forecast | $836.77M | $808.97M | $763.18M | $671.72M | $751.27M | $718.34M | $671.17M | $582.48M | $629.61M | $610.28M | $588.26M | $405.01M | $520.20M | $650.26M | $697.48M | $368.19M | $422.12M | $671.92M | $400.63M | $291.06M | $547.60M | $586.76M | $612.03M | $398.05M | $507.84M | $436.82M | $276.89M | $327.59M | $582.08M | $600.20M |
| High Forecast | $843.32M | $815.30M | $769.15M | $676.98M | $757.15M | $723.96M | $676.42M | $605.77M | $641.45M | $611.62M | $588.30M | $486.02M | $540.04M | $655.35M | $702.94M | $441.83M | $506.54M | $671.92M | $400.63M | $349.27M | $547.60M | $586.76M | $612.03M | $477.66M | $507.84M | $436.82M | $276.89M | $393.11M | $582.08M | $600.20M |
| Low Forecast | $828.78M | $801.24M | $755.89M | $665.31M | $744.09M | $711.48M | $664.76M | $540.87M | $604.22M | $608.94M | $588.23M | $324.01M | $507.44M | $644.06M | $690.82M | $294.55M | $337.70M | $671.92M | $400.63M | $232.85M | $547.60M | $586.76M | $612.03M | $318.44M | $507.84M | $436.82M | $276.89M | $262.07M | $582.08M | $600.20M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.24% | 1.91% | 1.81% | 0.96% | 0.54% | 1.24% | 0.84% | 0.84% | 0.75% | 1.12% | 0.93% | 0.85% | 0.87% | 0.82% | 0.85% | 0.80% |
M&T Bank's average Quarter net income forecast for Dec 23 is $520.20M, with a range of $507.44M to $540.04M. MTB's average Quarter net income forecast represents a -24.61% decrease compared to the company's last Quarter net income of $690.00M (Sep 23).
M&T Bank SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 11 | 15 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $779.00M | $793.95M | $868.76M | $753.98M | $785.86M | $819.42M | $609.12M | $555.10M | $544.44M | $510.37M | $569.89M | $509.15M | $502.87M | $482.89M | $571.49M | $508.57M | $508.77M |
| Avg Forecast | $976.43M | $965.99M | $949.86M | $936.63M | $936.32M | $923.94M | $905.87M | $891.51M | $892.74M | $883.21M | $868.59M | $681.17M | $871.01M | $886.29M | $900.65M | $619.24M | $511.65M | $804.23M | $719.10M | $489.52M | $516.48M | $517.29M | $522.95M | $507.21M | $511.70M | $511.14M | $515.61M | $696.43M | $532.91M | $536.14M |
| High Forecast | $982.31M | $971.81M | $955.58M | $942.27M | $941.96M | $929.50M | $911.33M | $895.35M | $898.11M | $884.48M | $868.59M | $817.40M | $878.68M | $891.63M | $906.08M | $743.09M | $613.98M | $804.23M | $719.10M | $587.43M | $516.48M | $517.29M | $522.95M | $608.65M | $511.70M | $511.14M | $515.61M | $835.72M | $532.91M | $536.14M |
| Low Forecast | $969.26M | $958.90M | $942.88M | $929.75M | $929.44M | $917.15M | $899.22M | $887.66M | $886.18M | $881.95M | $868.59M | $544.93M | $867.17M | $879.78M | $894.04M | $495.40M | $409.32M | $804.23M | $719.10M | $391.62M | $516.48M | $517.29M | $522.95M | $405.76M | $511.70M | $511.14M | $515.61M | $557.14M | $532.91M | $536.14M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 0.88% | 1.40% | 1.47% | 0.98% | 1.14% | 1.24% | 1.07% | 1.05% | 0.98% | 1.12% | 0.99% | 0.98% | 0.94% | 0.82% | 0.95% | 0.95% |
M&T Bank's average Quarter SG&A projection for Dec 23 is $871.01M, based on 7 Wall Street analysts, with a range of $867.17M to $878.68M. The forecast indicates a 11.81% rise compared to MTB last annual SG&A of $779.00M (Sep 23).
M&T Bank EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 3 | 4 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 6 | 11 | 15 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.00 | $5.07 | $4.03 | $4.32 | $3.55 | $1.08 | $2.63 | $3.55 | $3.70 | $3.41 | $3.33 | $3.52 | $2.75 | $1.74 | $1.93 | $3.60 | $3.47 |
| Avg Forecast | $4.99 | $4.83 | $4.55 | $4.01 | $4.48 | $4.29 | $4.01 | $3.48 | $3.76 | $3.64 | $3.51 | $3.01 | $3.10 | $3.88 | $4.16 | $3.94 | $4.20 | $4.01 | $2.39 | $2.21 | $3.27 | $3.50 | $3.65 | $3.00 | $3.03 | $2.61 | $1.65 | $1.91 | $3.47 | $3.58 |
| High Forecast | $5.03 | $4.87 | $4.59 | $4.04 | $4.52 | $4.32 | $4.04 | $3.62 | $3.83 | $3.65 | $3.51 | $3.01 | $3.22 | $3.91 | $4.19 | $3.97 | $4.23 | $4.01 | $2.39 | $2.21 | $3.27 | $3.50 | $3.65 | $3.00 | $3.03 | $2.61 | $1.65 | $1.91 | $3.47 | $3.58 |
| Low Forecast | $4.95 | $4.78 | $4.51 | $3.97 | $4.44 | $4.25 | $3.97 | $3.23 | $3.61 | $3.63 | $3.51 | $3.01 | $3.03 | $3.84 | $4.12 | $3.90 | $4.16 | $4.01 | $2.39 | $2.21 | $3.27 | $3.50 | $3.65 | $3.00 | $3.03 | $2.61 | $1.65 | $1.91 | $3.47 | $3.58 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.22% | 1.02% | 1.03% | 0.89% | 0.45% | 1.19% | 1.09% | 1.06% | 0.93% | 1.11% | 1.16% | 1.06% | 1.05% | 1.01% | 1.04% | 0.97% |
According to 7 Wall Street analysts, M&T Bank's projected average Quarter EPS for Dec 23 is $3.10, with a low estimate of $3.03 and a high estimate of $3.22. This represents a -22.39% decrease compared to MTB previous annual EPS of $4.00 (Sep 23).
M&T Bank Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| TFC | Truist Financial | $46.25 | $53.53 | 15.74% | Buy |
| USB | U.S. Bancorp | $50.31 | $55.07 | 9.46% | Buy |
| CFG | Citizens Financial Group | $46.58 | $46.78 | 0.43% | Hold |
| WAL | Western Alliance Ban | $91.86 | $92.00 | 0.15% | Buy |
| CMA | Comerica | $70.08 | $69.01 | -1.53% | Buy |
| ZION | Zions Bancorporation, National Association | $59.60 | $58.40 | -2.01% | Hold |
| KEY | KeyCorp | $19.14 | $18.74 | -2.09% | Buy |
| RF | Regions Financial | $26.27 | $25.04 | -4.68% | Buy |
| FHN | First Horizon | $20.16 | $19.10 | -5.26% | Buy |
| HBAN | Huntington Bancshares | $17.53 | $16.40 | -6.45% | Buy |
| MTB | M&T Bank | $213.27 | $198.71 | -6.83% | Buy |
| PNC | PNC Financial Services Group | $207.96 | $193.74 | -6.84% | Buy |
| FITB | Fifth Third Bancorp | $47.26 | $39.93 | -15.51% | Buy |
| NYCB | New York Community Bancorp | $10.55 | $8.38 | -20.57% | Hold |