M&T Bank: Jefferies Reiterates Buy Rating, Raises Price Target to $240

M&T Bank: Jefferies Reiterates Buy Rating, Raises Price Target to $240

In a recent update, Jefferies Financial Group has adjusted its price target for M&T Bank Corporation (M&T Bank) to $240, maintaining a buy rating for the banking group. This decision comes after a thorough review of the bank's financial performance and market conditions [1].

M&T Bank, a diversified financial services holding company, operates through three primary business sectors: retail banking, commercial banking, and other financial services. Retail banking, which accounts for 59.2% of the bank's net interest income, provides standard and specialized banking products and services. Commercial banking, making up 30.5% of net interest income, caters to businesses. The remaining 10.3% is attributed to corporate, institutional, and private banking services [1].

As of the end of 2024, M&T Bank held USD 161.1 billion in current deposits and USD 133.4 billion in current loans. These figures underscore the bank's substantial asset base and liquidity position. The adjustment in price target by Jefferies reflects a positive outlook on the bank's financial health and growth prospects.

Jefferies' analysts have cited several factors contributing to their bullish stance, including the bank's strong deposit franchise, robust loan portfolio, and favorable interest rate environment. The bank's diversified revenue streams and strategic positioning within the banking sector are also seen as key drivers for future growth.

Investors are advised to monitor M&T Bank's quarterly earnings reports and other financial updates for further insights into the bank's performance and the potential impact on its stock price.

References:
[1] https://www.marketscreener.com/news/jefferies-adjusts-price-target-on-m-t-bank-to-240-from-220-maintains-buy-rating-ce7d59dad180f324