#1 - M&T Bank Corp (NYSE:MTB)
M&T Bank Corp. (NYSE: MTB) is one of the largest regional banks on this list with a market cap of over $21 billion as of April 2023. The regional bank has a network of over 1,000 branches across 12 states from Maine to Virginia and Washington D.C. The bank provides a diverse combination of retail banking, commercial banking, mortgages, wealth management, and insurance.
Investors will benefit from the company’s fundamentals. It has posted positive earnings in every quarter since 1976. And during the financial crisis of 2008, it was one of only a handful of banks not to lower its dividend. As of its earnings report on April 17, 2023, the bank’s estimated Common Equity Tier 1 ratio was 10.15%. That was down from the 10.44% it reported in December 2022, but it is still above the regulatory requirement of 8%.
About M&T Bank
M&T Bank Corporation operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that engages in the provision of retail and commercial banking products and services in the United States. The company operates through three segments: Commercial Bank, Retail Bank, and Institutional Services and Wealth Management.
Read More - Current Price
- $218.12
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 6 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $199.65 (8.5% Downside)
