Cantor Fitzgerald raises M&T Bank price target to $262

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Reviewed by
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Key Highlights

Cantor Fitzgerald analyst Dave Rochester maintained an Overweight rating on M&T Bank and raised the price target to $262 from $253, signaling continued confidence in the stock.

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Cantor Fitzgerald analyst Dave Rochester has maintained an Overweight rating on M&T Bank (NYSE: MTB) while raising the price target to $262 from $253. The adjustment reflects a revised outlook on the bank's valuation following recent market performance.

The new price target of $262 represents an increase from the prior target of $253. This update comes as the firm continues to view the stock favorably within the banking sector.

Metric Value
Rating Overweight
Previous Price Target $253
New Price Target $262
Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific factors drove the revision in M&T Bank's valuation outlook?

How might M&T Bank's performance compare to other banking sector stocks in the coming quarters?

What potential risks could impact the achievement of the new $262 price target?

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M&T Bank Corporation declares quarterly preferred stock dividends

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Reviewed by
Shriram SScanX News Team
Key Highlights

M&T Bank Corporation declared quarterly cash dividends on its Series H, J, and K perpetual preferred stocks. The dividends range from $0.3515625 to $187.50 per share and are payable on September 15, 2026 to shareholders of record on September 1, 2026.

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M&T Bank Corporation has declared quarterly cash dividends on three series of its perpetual preferred stock, payable to shareholders of record on September 1, 2026. The dividends will be distributed on September 15, 2026 across Series H, J, and K preferred stocks.

Dividend Details

The declared dividends apply to the following series of preferred stock:

Preferred Stock Series Dividend Rate Dividend Per Share Depositary Share Equivalent
Series H Fixed-to-Floating $0.3515625 N/A
Series J 7.500% $187.50 $0.46875
Series K 6.350% $158.75 $0.396875

Company Profile

M&T is a financial holding company headquartered in Buffalo, New York. Its principal banking subsidiary, M&T Bank, provides banking products and services through a branch and ATM network spanning the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are offered in select markets by M&T's Wilmington Trust-affiliated companies and by M&T Bank.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How might M&T Bank's current capital position influence future dividend adjustments for these preferred stock series?

What impact could the Federal Reserve's interest rate policy have on the fixed-to-floating rate of Series H preferred stock?

Will M&T Bank consider issuing additional preferred stock series in the near term to bolster its capital reserves?

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