M&T Bank falls as Q3 interest income misses estimates
16/10/2026 16:20
BUZZ-M&T Bank falls as Q3 interest income misses estimates ** M&T Bank's MTB.N shares fall 1.21% to $216.01
** Co reports Q3 net interest income of $1.79 bln, missing analysts' estimate of $1.82 bln - data compiled by LSEG
** MTB reports Q3 net income available to common shareholders of $732 mln, beating analysts' expectation of $717.29 mln
** Stock trading at 10.57 times expected EPS over next 12 months, above industry median of 10.18
** 7 of 22 brokerages rate stock "buy" or higher, 14 "hold" and 1 "sell"; median PT $250 - data compiled by LSEG
** Including session's moves, MTB up nearly 8% YTD
(Reporting by Jayasree Prabhu)
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