M&T Bank Corporation — Wall Street Analyst Estimates & Price Targets

MTB

NYSEFinancial ServicesBanks - RegionalCIK 0000036270mtb.comAbout MTB

Last close · Oct 16, 2026215.16−3.49 (−1.60%)

Market cap$31.1B

7 firms' latest targets, last 90 days: median $250.00 ($230.00–$301.00), 16% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 7 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-14	Cantor Fitzgerald	$255.00	$285.00	▼ 11%	+17%	+19%
2026-10-06	Raymond James	$250.00	—	—	+14%	+16%
2026-10-05	UBS	$238.00	$255.00	▼ 7%	+9%	+11%
2026-10-01	Evercore ISI	$230.00	$260.00	▼ 12%	+6%	+7%
2026-09-28	Morgan Stanley	$301.00	$304.00	▼ 1%	+36%	+40%
2026-09-23	Truist	$250.00	$268.00	▼ 7%	+13%	+16%
2026-07-23	Deutsche Bank	$250.00	—	—	+0%	+16%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2021reported	$6.0B	+1%	$13.80	+39%	est. $6.0B+0%	est. $13.70	4
2022reported	$1.5B	-75%	$11.53	-16%	est. $8.1B-81%	est. $12.04	2
2023reported	$1.5B	-3%	$15.79	+37%	est. $9.6B-84%	est. $16.00	7
2024reported	$1.5B	+4%	$14.64	-7%	est. $9.3B-83%	est. $14.48	8
2025reported	$1.7B	+8%	$17.00	+16%	est. $9.7B-83%	est. $16.82	5
2026	$10.1B	+508%	$19.30	+15%	$10.0B–$10.1B	$18.98–$19.80	7
2027	$10.4B	+3%	$21.01	+9%	$10.3B–$10.6B	$20.68–$22.06	8
2028	$10.9B	+4%	$22.66	+8%	$10.6B–$11.3B	$21.18–$23.44	7

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$250.00median target, 16% above the last close

Firms with a target · last 90 days: 7
Lowest – highest target: $230.00 – $301.00
Current grades of 16 firms: positive / neutral / negative: 5 / 10 / 1
Upgrades / downgrades · 12 months: 1 / 5
Consensus revenue growth · next 3 FY: +87% a year

Current grades

each firm's latest · 16 firms

As of	Firm	Grade
2026-10-14	Cantor Fitzgerald	“Overweight”
2026-10-05	UBS	“Neutral”
2026-10-02	J.P. Morgan	“Neutral”
2026-10-01	Evercore ISI	“In Line”
2026-09-28	Morgan Stanley	“Overweight”
2026-09-23	Truist	“Hold”
2026-07-16	Barclays	“Equal Weight”
2026-07-16	Wells Fargo	“Underweight”
2026-07-16	Baird	“Neutral”
2026-07-16	RBC Capital	“Outperform”

6 more

2026-07-16	Keefe, Bruyette & Woods	“Market Perform”
2026-07-16	D.A. Davidson	“Neutral”
2026-01-16	Jefferies	“Buy”
2026-01-07	Bank of America	“Neutral”
2026-01-07	TD Cowen	“Buy”
2026-01-07	Wolfe Research	“Peer Perform”

Grade changes

last 24 months · 9

Date	Firm	Grade
2026-09-08	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2026-07-06	Baird	“Outperform” → “Neutral” downgrade
2026-01-07	Bank of America	“Buy” → “Neutral” downgrade
2026-01-07	Wolfe Research	“Outperform” → “Peer Perform” downgrade
2026-01-06	Evercore ISI	“Outperform” → “In Line” downgrade
2025-12-12	Truist	“Buy” → “Hold” downgrade
2025-09-29	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2024-12-04	J.P. Morgan	“Overweight” → “Neutral” downgrade
2024-11-25	Citigroup	“Buy” → “Neutral” downgrade

51 older than 24 months

2024-10-04	Wolfe Research	“Peer Perform” → “Outperform” upgrade
2024-10-02	Evercore ISI	“In Line” → “Outperform” upgrade
2024-09-03	J.P. Morgan	“Neutral” → “Overweight” upgrade
2024-08-15	Wells Fargo	“Equal Weight” → “Underweight” downgrade
2023-12-18	Deutsche Bank	“Buy” → “Hold” downgrade
2023-09-29	Odeon Capital	“Buy” → “Hold” downgrade
2023-04-18	Argus Research	“Hold” → “Buy” upgrade
2023-04-10	UBS	“Buy” → “Neutral” downgrade
2023-03-27	Citigroup	“Neutral” → “Buy” upgrade
2023-03-23	Wolfe Research	“Outperform” → “Peer Perform” downgrade
2023-01-10	Odeon Capital	“Hold” → “Buy” upgrade
2023-01-03	Wedbush	“Neutral” → “Outperform” upgrade
2023-01-03	Barclays	“Overweight” → “Equal Weight” downgrade
2022-12-07	Keefe, Bruyette & Woods	“Outperform” → “Market Perform” downgrade
2022-10-04	Citigroup	“Buy” → “Neutral” downgrade
2022-06-17	Baird	“Neutral” → “Outperform” upgrade
2022-04-21	Morgan Stanley	“Underweight” → “Overweight” upgrade
2022-03-28	Morgan Stanley	“Equal Weight” → “Underweight” downgrade
2022-01-24	Piper Sandler	“Neutral” → “Overweight” upgrade
2021-01-07	Bank of America	“Neutral” → “Buy” upgrade
2020-09-08	Odeon Capital	“Sell” → “Hold” upgrade
2020-01-24	Bank of America	“Underperform” → “Neutral” upgrade
2020-01-24	Odeon Capital	“Hold” → “Buy” upgrade
2020-01-06	Goldman Sachs	“Buy” → “Neutral” downgrade
2020-01-06	Deutsche Bank	“Hold” → “Buy” upgrade
2019-10-24	CFRA	“Buy” → “Hold” downgrade
2019-10-21	Evercore ISI	“Outperform” → “In Line” downgrade
2019-10-18	Keefe, Bruyette & Woods	“Outperform” → “Market Perform” downgrade
2019-10-08	Citigroup	“Sell” → “Neutral” upgrade
2019-10-08	Jefferies	“Buy” → “Hold” downgrade
2019-07-22	Piper Sandler	“Overweight” → “Neutral” downgrade
2019-07-12	Citigroup	“Neutral” → “Sell” downgrade
2019-02-21	Baird	“Outperform” → “Neutral” downgrade
2019-01-09	UBS	“Sell” → “Neutral” upgrade
2018-10-23	Baird	“Neutral” → “Outperform” upgrade
2018-10-22	Piper Sandler	“Neutral” → “Overweight” upgrade
2018-10-01	Evercore ISI	“In Line” → “Outperform” upgrade
2018-09-26	Goldman Sachs	“Neutral” → “Buy” upgrade
2018-09-04	Keefe, Bruyette & Woods	“Market Perform” → “Outperform” upgrade
2018-06-27	Bernstein	“Market Perform” → “Outperform” upgrade
2018-04-18	Baird	“Underperform” → “Neutral” upgrade
2017-12-12	UBS	“Sell” → “Neutral” upgrade
2017-08-04	Macquarie	“Neutral” → “Underperform” downgrade
2017-07-11	Jefferies	“Hold” → “Buy” upgrade
2017-01-11	UBS	“Neutral” → “Sell” downgrade
2016-12-15	Bank of America	“Neutral” → “Underperform” downgrade
2016-07-07	Nomura	“Buy” → “Neutral” downgrade
2016-04-22	Deutsche Bank	“Buy” → “Hold” downgrade
2016-04-21	Baird	“Neutral” → “Underperform” downgrade
2016-04-21	Portales Partners	“Outperform” → “Sector Perform” downgrade
2016-01-11	Goldman Sachs	“Buy” → “Neutral” downgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.