From Seekingalpha · Seeking Profits · · 30s
M&T Bank Shares Upgraded
M&T Bank's strong credit quality and capital position boost shares to Buy rating.
In brief
M&T Bank's strong credit quality and capital position boost shares to Buy rating. M&T Bank shares are upgraded to Buy after resilient credit quality and solid Q3 results. Originally reported by Seekingalpha.
M&T Bank Upgrade
M&T Bank shares upgraded to Buy after recent pullback and solid Q3 results despite margin pressures.
Resilient Credit Quality
Net charge-offs at 35bps with reserves covering nonaccruals 1.7x.
Price Target
Set $235 price target with 10% AI risk haircut for ~11% total return.
The short version
M&T Bank shares are upgraded to Buy after resilient credit quality and solid Q3 results.
