M&T Bank Corp (MTB)
A Bank holding Company which provide individuals, corporations and other businesses, and institutions with commercial & retail banking services, including loans and deposits, trust, mortgage banking, asset management, insurance & other financial services.
Recs
30andholding
(91.75)
Submitted: 4/21/2009 1:02:30 PM :
Start Price:
$50.45
MTB Score:
-1.86
Another buffet owned bank stock. He's done the research, I will pick with him.
Recs
706bbc944
(< 20)
Submitted: 2/1/2009 12:29:33 AM :
Start Price:
$36.71
MTB Score:
+41.76
The chart looks nasty so it must be time to SLOWLY start buying even though we arent at the bottom yet.
Just a lucky dummy on 504 but feel this one has a good BV per share and not many shorts willing to pay back $2.80 dividends.
Recs
Ag81
(96.57)
Submitted: 12/8/2008 4:46:59 PM :
Start Price:
$64.75
MTB Score:
+11.22
Gotta like this stock, particularly considering its competitors are falling like flies! Well positioned as the financial sector comes out of its doldrums. This one is as good a buy now as it was 6 months ago, perhaps better!
Recs
baroquen2
(< 20)
Submitted: 1/23/2008 8:10:50 PM :
Start Price:
$78.19
MTB Score:
-1.44
MTB was one of the first banks to acknowledge the sub prime mortgage mistakes. They are on track and recouping their losses. MTB was forthcoming about the sub prime mess and I believe over the next 4 years they will outperform.
Recs
brianpivar
(97.59)
Submitted: 10/19/2009 3:10:30 AM :
Start Price:
$66.92
MTB Score:
+2.94
cnbc.com 20 Stocks with the Biggest Potential To Drop target price: 55.78
Recs
drafthorse1
(55.62)
Submitted: 8/3/2008 10:09:34 PM :
Start Price:
$66.47
MTB Score:
+8.70
solid financial company, pummeled by industry assocation
Recs
Dragontoad
(65.26)
Submitted: 5/27/2008 7:56:29 AM :
Start Price:
$82.84
MTB Score:
-3.70
Buffet Stock, fair price
Recs
eggDad
(74.33)
Submitted: 3/3/2008 8:05:36 PM :
Start Price:
$73.68
MTB Score:
+2.30
This is a very well run bank that has been expanding carefully and is likely to continue to grow or be acquired.
Recs
IUseThisStuffF
(49.19)
Submitted: 4/25/2008 9:05:03 PM :
Start Price:
$87.71
MTB Score:
-6.95
I used to work for them under First National Bank of MD and Allfirst bank (when Rusnack traded the bank into ruins by betting against the yen). M & T stinks, poor service and employees who are not very knowledgeable. Great mix for NY and Balto./DC markets.
Recs
jdcarcollector
(< 20)
Submitted: 10/25/2009 10:36:44 PM :
Start Price:
$68.77
MTB Score:
+6.43
Peter Cooper/Stuy Town Ruling is a mega-risk for multifamily in NYC and thus M&T. Plus, layoffs continue here. Toast.
Recs
jdlhal
(< 20)
Submitted: 9/20/2006 12:53:33 AM :
Start Price:
$108.24
MTB Score:
-28.08
steady growing bank
Recs
JibJabs
(52.55)
Submitted: 2/15/2009 3:11:43 PM :
Start Price:
$38.83
MTB Score:
+39.55
I won't pretend to know much, but I'll share what I do know:
Comprises just under one percent of Berkshire Hathaway's holdings, Buffett is buying, P/E below 8 after turning a profit last quarter, high dividend, conservative management, expanding to the mid-Atlantic region, plenty of growth room at a $4 billion market cap. Am I missing something? Seems like a great buy to me (my money is where my mouth is).
Recs
kingpinfool
(74.21)
Submitted: 1/2/2007 3:17:25 PM :
Start Price:
$109.65
MTB Score:
-22.58
M&T Bank, simply put a company that continues to make the right moves over time. With CEO Wilmers back after Sadlers retirement, the bank continues to move forward. The leadership question of who will take over as CEO is now being played out between the two exectives, either being a good candidate.
Recs
lakestevenssage
(51.29)
Submitted: 6/1/2008 1:45:07 AM :
Start Price:
$81.16
MTB Score:
-0.82
Way too much upside for this regional powerhouse. While the big boys are smarting banks like MTB are sitting fat.
Recs
mack22ez
(< 20)
Submitted: 6/29/2009 10:50:58 PM :
Start Price:
$50.85
MTB Score:
+9.82
good numbers on this stock and a fat dividend. when the dust clears from the recession this will be a winner.
Recs
manlac9
(35.68)
Submitted: 9/23/2008 8:54:38 PM :
Start Price:
$80.39
MTB Score:
+13.18
This bank is just BAD, as someone who lives local and despises both the company as a fairly unimportant financial and as a friend of customers (I would never use this bank myself... its just that poor at customer service,) I think that this stock is overvalued and will be beat down in the coming months.
Recs
mihalikm
(33.58)
Submitted: 10/30/2008 5:15:08 PM :
Start Price:
$73.38
MTB Score:
-29.62
Conservative approach to lending and limited exposure to foreclosure markets has allowed MTB to remain above the current economic frays.
Recs
mjan706
(< 20)
Submitted: 9/21/2008 7:52:27 PM :
Start Price:
$88.04
MTB Score:
-16.33
One of Buffett's major holdings.
Recs
morgsie
(45.60)
Submitted: 10/11/2006 1:20:20 PM :
Start Price:
$110.59
MTB Score:
-27.65
This is the " little stock that could" - and it could definately do more
Recs
NetscribeBanking
(95.57)
Submitted: 2/27/2007 7:57:52 AM :
Start Price:
$111.26
MTB Score:
+22.51
MTB is New York based holding company primarily operating though its subsidiaries in New York, Pennsylvania, Virginia, West Virginia, Maryland and Delaware.
Recent acquisition of Citibank’s 21 upstate New York branches has not only expanded the market share but also provided low cost deposits to the tune of $1 billion, which have been used to retire wholesale borrowings and marginally improve the deteriorating net interest margin. Cheap sources of funding has been difficult to come by with more than 60% of its deposits are in the Western and Central New York, where the manufacturing hub is in a state of recession and no signs of comeback
Around 35% of the total revenue is generated through fee income making it less dependent on spread income. The loan portfolio is diversified with a balanced mix of asset class and approximately 50% of its loan portfolio is in real estate. Home equity lines of credit and consumer loan categories remain slow and are vulnerable to the current yield environment.
Huge potential is seen in the branches of Mid Atlantic region where only 2% and 22% of the customer use its mortgage and merchant services compared to 10% and 37% for other region. Historically the attitude of the bank has been to shun of risky loans thereby forgoing growth for better credit standards. But of late there has been a dent in the same with non-performing loans creeping to 0.52% from 0.39%. However the metrics are satisfactory when compared to its peers and has adequate loss reserves to support it.
The management feels the year 2007 to have modest revenue growth, as signs of excess liquidity remain visible that would pressurize loan pricing. The fundamentals look good and its superior operating performance has helped it find a place even in Warrant Buffet’s Berkshire Hathaway’s portfolio. However there is a general feeling in the market that the stocks current price already reflects the future growth prospects. Unfavorable interest rate scenario with the stock trading at a premium makes the future of the bank uncertain and chances of beating the market looks dim.
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