M&T Bank Stays Neutral
We have reaffirmed our Neutral recommendation on M&T Bank Corp. (NYSE:MTB) following a detailed analysis of the company’s fundamentals and post the Federal Reserve Board’s limited Capital Plan Review. M&T Bank Corp’s fourth-quarter 2011 operating earnings of $1.20 per share were way below the Zacks Consensus Estimate of $1.46 and lagged earnings of $1.53 per [...]
We have reaffirmed our Neutral recommendation on M&T Bank Corp. (NYSE:MTB) following a detailed analysis of the company’s fundamentals and post the Federal Reserve Board’s limited Capital Plan Review.
M&T Bank Corp’s fourth-quarter 2011 operating earnings of $1.20 per share were way below the Zacks Consensus Estimate of $1.46 and lagged earnings of $1.53 per share in the prior quarter and $1.52 in the year-ago period.
An increase in expenses related to the Wilmington Trust acquisition … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards