The backtest results for MTB following earnings beats show mixed performance, with a 50% win rate over 3 days, dropping to 16.67% at 10 days, and recovering to 66.67% at 30 days. Returns were negative in the short and medium term, with a slight recovery by day 30 and a maximum return of 1.51% occurring on day 27. This suggests that immediate post-earnings gains are limited and volatile.

The analysis indicates that MTB's stock price reaction to earnings beats is inconsistent and may involve short-term declines before potential longer-term gains.

Investors should consider a cautious approach, possibly holding through volatility to capture delayed positive returns after MTB earnings beats.

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The backtest results show that MTB has a 75% win rate over 3 days and a perfect 100% win rate over 10 and 30 days following earnings misses, with returns improving from -1.44% at 3 days to 7.33% at 30 days. This indicates a strong positive rebound in MTB's stock price after earnings disappointments. The analysis suggests that despite an initial dip, MTB tends to recover and generate gains over the medium term. Investors might consider buying MTB after earnings misses to capitalize on the subsequent price recovery.

The backtest results show that the Banks Industry experienced a positive impact following earnings beats, with a maximum return of 3.10% occurring 59 days after the event. This indicates a moderate but consistent upward price movement in the sector post-earnings surprises.

The analysis suggests that while the return magnitude is not extremely high, the positive trend is sustained over a medium-term horizon, reflecting investor confidence in the Banks Industry after earnings beats.

Investors might consider holding or accumulating bank stocks for up to two months following earnings beats to capitalize on this positive momentum.

The backtest results show that earnings misses in the Banks Industry had no significant impact on stock returns, with a maximum return of only 2.07% observed 59 days after the event. This indicates that the market does not strongly react to earnings misses within this sector over the tested period.

The lack of notable price movement suggests that other factors may overshadow earnings misses in influencing bank stocks. Investors should be cautious about relying solely on earnings misses as a signal for trading decisions in the Banks Industry.

Overall, earnings misses in banks appear to have limited predictive value for short- to medium-term returns.

Backtest MTB Earning Beats Expectations

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