Wells Fargo Reaffirms Their Sell Rating on M&T Bank (MTB)
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According to TipRanks, Mayo is a 5-star analyst with an average return of 14.8% and a 69.75% success rate. Mayo covers the Financial sector, focusing on stocks such as Citigroup, Bank of America, and State Street.
M&T Bank has an analyst consensus of Moderate Buy, with a price target consensus of $211.81.
Based on M&T Bank's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.17 billion and a net profit of $584 million. In comparison, last year the company earned a revenue of $3.3 billion and had a net profit of $531 million
Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MTB in relation to earlier this year. Last month, Robert Sadler, a Director at MTB sold 6,700.00 shares for a total of $1,229,584.00.
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