The backtest results for MTB following earnings beats show mixed performance, with a 57.14% win rate at 3 and 30 days but a low 28.57% win rate at 10 days. Returns are modestly positive in the short term (0.17% at 3 days) but turn negative over 10 and 30 days (-3.22% and -2.39%, respectively). This suggests that while initial reactions to earnings beats may be slightly favorable, the medium-term price trend tends to decline. Investors should be cautious holding MTB beyond the short term after an earnings beat, as gains may not sustain.

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The backtest results show that the Banks Industry experienced a positive impact following earnings beats, with a maximum return of 3.81% occurring 27 days after the event. This indicates a moderate but consistent upward price movement in the sector post-earnings surprises.

The analysis suggests that earnings beats serve as a reliable catalyst for gains in the Banks Industry, reflecting investor confidence in better-than-expected financial performance.

Investors might consider leveraging earnings beat events as entry points to capture potential short- to medium-term gains within the Banks sector.

Backtest MTB Earning Beats Expectations

Find all upcoming company earnings reports scheduled for jan 16 2026. Get details on which companies are reporting and their expected results.

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