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M&t Bank Corporation (MTB) [hlAlert]

Rating:
Neutral MTB

M&t Bank Corporation (MTB) rated Neutral by JP Morgan

Posted on: Thursday,  Jan 21, 2016  10:25 AM ET by JP Morgan

M&t Bank Corporation
(NYSE: MTB) rated Neutral by JP Morgan.

M&T Bank Corporation (M&T) is a bank holding company. As of December 31, 2008, the Company had two wholly owned bank subsidiaries: M&T Bank and M&T Bank, National Association (M&T Bank, N.A.). The Banks offer a range of commercial banking, trust and investment services to its customers. M&T Bank operates branch offices in New York, Maryland, Pennsylvania, Delaware, New Jersey, Virginia, West Virginia and the District of Columbia. M&T operates in six segments: Business Banking, Commercial Banking, Commercial Real Estate, Discretionary Portfolio, Residential Mortgage Banking and Retail Banking. Effective November 1, 2008, M&T Investment Company of Delaware, Inc., previously a wholly owned subsidiary of M&T Bank, was merged into M&T Bank. On May 23, 2009, M&T announced that it has completed its acquisition of Provident Bankshares Corp. and the merger of Provident Bankshares Corp.'s banking subsidiary, Provident Bank, into M&T Bank.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/21/2016 10:25 AM Hold
None
103.72
as of 12/24/2008
1 Week down  -10.68 %
1 Month up  17.45 %
3 Months up  43.28 %
1 YTD down  -36.17 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/17/2007 8:25 AM Hold
None
80.91

(*) Stock Price at the time of the recommendation.
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