Morgan Stanley analyst Manan Gosalia maintained a Buy rating on M&T Bank today and set a price target of $236.00.
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Manan Gosalia has given his Buy rating due to a combination of factors that suggest potential growth and stability for M&T Bank. Despite a recent miss in net interest margin (NIM) and net interest income (NII), there are expectations for improvement in the latter half of 2025. This optimism is based on the potential for accelerated loan growth, which could positively impact NII estimates. Additionally, the bank’s ability to return capital and improve credit remains strong, supporting a positive outlook.
Furthermore, M&T Bank’s operating earnings per share (EPS) exceeded expectations, driven by higher fee income and lower provisions. The bank also reported a significant decline in criticized loans, marking the fifth consecutive quarter of improvement in this area. These factors, combined with strategic financial maneuvers such as back book repricing and paying down higher-cost funding, are expected to enhance the bank’s financial performance, justifying the Buy rating.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $225.00 price target.
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.