Citi analyst Keith Horowitz opened a “30-day positive catalyst watch” on shares of M&T Bank ahead of the Q2 report. The analyst remains bullish on the banks, citing “value-led opportunities” particularly in the regionals where Citi believes net interest income has hit an inflection point as deposits have largely repriced. The firm sees potential upside to capital return estimates and credit trends going into M&T Bank’s Q2, which it expects will lead the company to signal a resumption of buybacks in Q3.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTB:
- M&T Bank price target raised to $161 from $160 at Jefferies
- M&T Bank Corporation Announces Preliminary Stress Capital Buffer
- M&T Bank announces preliminary stress capital buffer 3.8%
- M&T Bank Announces Senior Executive Vice President’s Departure
- Blackstone Mortgage, M&T Realty Capital enter multifamily lending pact
Questions or Comments about the article? Write to editor@tipranks.com